AK HB96

Forgives all outstanding interest on state agency loans to individuals secured by liens on potential litigation receipts from claims related to the March 24, 1989, Exxon Valdez oil spill.

Does not apply to loans made to businesses or other organizations, or to loans pledged as security for state-issued bonds.

Requires all state agencies to identify qualifying loans and revise loan terms by January 1, 2010.

Defines "agency" as boards, commissions, and executive branch agencies including public corporations and the University of Alaska.

Act takes effect immediately and is repealed on January 1, 2010.