AK HB296

Establishes the Alaska energy efficiency revolving loan fund within the Alaska Housing Finance Corporation to finance energy efficiency improvements to buildings owned by regional educational attendance areas, municipalities, and the State of Alaska.

Authorizes the Alaska Housing Finance Corporation to issue up to $250,000,000 in bonds to fund the revolving loan fund, exempt from standard bond issuance limitations.

Permits regional educational attendance areas, municipal governments, and the state to borrow from the corporation for energy efficiency building improvements, with borrowers required to waive sovereign immunity defenses for loan enforcement.

Allows the corporation to establish loan terms, interest rates, and security provisions, including requiring deeds of trust on buildings financed through the program.

Enables state agencies to withhold payments to defaulting borrowers and redirect those funds to the corporation for loan repayment on a pro rata basis.