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AK HB261
Bill
Status
Passed
6/1/2012
Primary Sponsor
Charisse Millett
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AI Summary
- Increases the maximum loan balance for entry permit purchases under AS 16.10.310(a)(1)(B) from an unspecified amount to $200,000
- Maintains the $100,000 maximum for all other loans under the same subparagraph
- Allows borrowers who received an initial loan under AS 16.10.310(a)(1)(A) to subsequently obtain an entry permit loan under AS 16.10.310(a)(1)(B)
- Permits subsequent loans between loan categories provided total balances do not exceed $400,000 for loans under subparagraphs (A) and (B) combined
- Applies increased loan limits only to borrowers who first receive a loan under AS 16.10.310(a)(1)(B) on or after July 1, 2012
Legislative Description
Commercial Fishing Entry Permit Loans
Residency
Last Action
EFFECTIVE DATE(S) OF LAW 7/1/12
6/1/2012
Committee Referrals
Finance3/28/2012
Fisheries1/17/2012
Full Bill Text
No bill text available