AK HB58

Expands eligibility for Alaska energy efficiency revolving loan fund to include tax-exempt entities (26 U.S.C. 501(c)(3), (4), (6), (8), (12), or (19)) and federally recognized tribes in addition to existing borrowers.

Requires tax-exempt entities, federally recognized tribes, and other borrowers to waive sovereign immunity defenses related to enforcement of loan terms as a condition of borrowing.

Establishes priority for loans to buildings owned by regional educational attendance areas, University of Alaska, municipalities, and the state over other applicants.

Restricts loan recipients to non-profit entities, prohibiting for-profit business enterprises from receiving funds under the program.

Defines "federally recognized tribe" as tribes recognized by the U.S. Secretary of the Interior under 25 U.S.C. 479a and includes subdivisions or business enterprises wholly owned by such tribes.