AK HB32

Expands eligibility for Alaska energy efficiency revolving loan fund to include tax-exempt entities under IRC 501(c)(3), (4), (6), (12), or (19), federally recognized tribes, and regional housing authorities.

Requires loan recipients to waive sovereign immunity defenses for enforcement of loan terms, with exceptions allowing regional educational attendance areas, University of Alaska, and municipalities to voluntarily waive immunity.

Grants corporation authority to set loan terms through loan agreements or bond issuances, with municipalities allowed to sell bonds to the corporation at negotiated private sales rather than requiring public sales.

Establishes state agency withholding authority to intercept payments owed to defaulting borrowers and redirect funds to the corporation to cover principal and interest obligations.

Prioritizes loan applications for energy efficiency improvements to buildings owned by regional educational attendance areas, University of Alaska, municipalities, or the state, and prohibits for-profit business enterprises from receiving loans.