AK SB223

Establishes the Alaska energy efficiency revolving loan fund within the Alaska Housing Finance Corporation to finance energy efficiency improvements to state and municipal buildings.

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

Permits municipalities and the State of Alaska to borrow from the corporation for energy efficiency improvements, with municipalities required to waive sovereign immunity and the state waiving such immunity by statute.

Allows the corporation to establish interest rates, security provisions, loan terms, and collect deed of trust on buildings and real estate as additional security for loans.

Provides for administrative oversight by the Alaska Housing Finance Corporation through regulations and establishes immediate effective date.