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AlaskaHB 38834th Legislature - Second Session (2026)HouseWALLET

BULK FUEL LOAN CAP

Sponsored By: HOUSE FINANCE

Became Law

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 0 costs, 1 mixed.

Bigger bulk fuel loans with 1-year payback

The law raises bulk fuel loan caps to $1.5 million per borrower (was $750,000). Cooperatives that buy fuel for more than one community can borrow up to $1.5 million times the number of communities, but no more than $1.8 million total. The bridge loan cap rises to $1.5 million per borrower each fiscal year (was $750,000). All bulk fuel and bridge loans must be repaid within one year of disbursement, and the division may set extra terms. These rules apply to loans that exist on, or are made after, the law’s effective date, which is immediate.

Backstop funding for fuel loan program

For the fiscal years ending June 30, 2026 and June 30, 2027, the legislature may put in the money needed to make a loan when the fund does not have enough unspent money. After a borrower repays, the legislature may move money from the loan fund back to the original funding source in the same amount, plus applicable interest. The law states the intent to make that repayment as soon as practicable after the borrower repays.

Sponsors & Cosponsors

Sponsor

  • HOUSE FINANCE

    Affiliation unavailable

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. (S) Minutes (SFIN)

    5/14/2026Senate

  2. (S) Heard & Held -- Please Note Time Change --

    5/14/2026Senate

  3. (S) FINANCE at 01:30 PM SENATE FINANCE 532

    5/14/2026Senate

  4. (S) REFERRED TO FINANCE

    5/14/2026Senate

  5. (S) FIN

    5/14/2026Senate

  6. (S) READ THE FIRST TIME - REFERRALS

    5/14/2026Senate

  7. Audio/Video

    5/14/2026House

  8. (H) VERSION: CSHB 388(FIN)

    5/13/2026House

  9. (H) TRANSMITTED TO (S)

    5/13/2026House

  10. (H) EFFECTIVE DATE(S) SAME AS PASSAGE

    5/13/2026House

  11. (H) PASSED Y39 E1

    5/13/2026House

  12. (H) READ THE THIRD TIME CSHB 388(FIN)

    5/13/2026House

  13. (H) ADVANCED TO THIRD READING UC

    5/13/2026House

  14. (H) FIN CS ADOPTED UC

    5/13/2026House

  15. (H) READ THE SECOND TIME

    5/13/2026House

  16. (H) RULES TO CALENDAR 5/13/2026

    5/13/2026House

  17. (H) FN2: INDETERMINATE(H.FIN/FUND TRANSFERS)

    5/12/2026House

  18. (H) FN1: ZERO(CED)

    5/12/2026House

  19. (H) NR: STAPP, ALLARD, TOMASZEWSKI, MOORE

    5/12/2026House

  20. (H) DP: JIMMIE, HANNAN, GALVIN, BYNUM, JOSEPHSON, SCHRAGE, FOSTER

    5/12/2026House

  21. (H) FIN RPT CS(FIN) 7DP 4NR

    5/12/2026House

  22. (H) Moved CSHB 388(FIN) Out of Committee -- Recessed to a Call of the Chair --

    5/11/2026House

  23. (H) FINANCE at 01:30 PM ADAMS 519

    5/11/2026House

  24. Audio/Video

    5/11/2026House

  25. (H) Heard & Held

    5/8/2026House

Bill Text

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