Alaska HB388 raises the cap on bulk fuel loans from $750,000 to $1,500,000 for individual borrowers.

HB388 modifies Alaska's bulk fuel loan regulations by increasing the maximum loan amount from $750,000 to $1,500,000 for individual borrowers. The bill also allows for higher loan amounts if the borrower is a cooperative corporation or an electric cooperative purchasing fuel for multiple communities. Loans must be repaid within one year of disbursement. The changes apply to loans made on or after the bill's effective date.

Alaska HB388 raises the cap on bulk fuel loans from $750,000 to $1,500,000 for individual borrowers.

HB388 modifies Alaska's bulk fuel loan regulations by increasing the maximum loan amount from $750,000 to $1,500,000 for individual borrowers. The bill also allows for higher loan amounts if the borrower is a cooperative corporation or an electric cooperative purchasing fuel for multiple communities. Loans must be repaid within one year of disbursement. The changes apply to loans made on or after the bill's effective date.