Alaska HB31 modifies vessel registration exemptions and fund allocations for derelict vessels.

Alaska HB31 amends vessel registration exemptions, excluding certain non-motorized and foreign government-issued boats from registration requirements. It also changes the allocation of proceeds from vessel sales, directing them first to administrative costs and then to other specified expenses. Additionally, the bill repeals sections related to the derelict vessel prevention program fund and mandates the deposit of any remaining balance into the general fund.

Alaska HB31 modifies vessel registration exemptions and fund allocations for derelict vessels.

Alaska HB31 amends vessel registration exemptions, excluding certain non-motorized and foreign government-issued boats from registration requirements. It also changes the allocation of proceeds from vessel sales, directing them first to administrative costs and then to other specified expenses. Additionally, the bill repeals sections related to the derelict vessel prevention program fund and mandates the deposit of any remaining balance into the general fund.