AK HB200

Expands the Alaska clean water fund to include facilitating loans to persons, municipalities, and other qualified entities through a linked deposit program for nonpoint source pollution control projects.

Establishes a linked deposit loan program where the Department of Environmental Conservation invests in participating financial institutions through certificates of deposit at below-market interest rates.

Participating financial institutions evaluate borrower creditworthiness and receive department investments matching the loan amount and term, with the interest rate difference passed to borrowers as reduced loan rates.

Participating financial institutions retain all credit risk, assume default responsibility, and may charge origination and reasonable fees on loans made under the program.

Authorizes the Department of Environmental Conservation to adopt regulations necessary to implement the linked deposit program provisions.