Alaska SB288 sets a cap on bulk fuel loans from the state's bulk fuel loan account.

Alaska SB288 amends the state's bulk fuel loan account rules, setting a maximum loan amount of $1,500,000 or $750,000 per borrower, depending on the type of borrower. For cooperative corporations or electric cooperatives purchasing fuel for multiple communities, the cap can be multiplied by the number of communities served. The loans must be repaid within one year of disbursement. This Act applies to loans made on or after its effective date.

Alaska SB288 sets a cap on bulk fuel loans from the state's bulk fuel loan account.

Alaska SB288 amends the state's bulk fuel loan account rules, setting a maximum loan amount of $1,500,000 or $750,000 per borrower, depending on the type of borrower. For cooperative corporations or electric cooperatives purchasing fuel for multiple communities, the cap can be multiplied by the number of communities served. The loans must be repaid within one year of disbursement. This Act applies to loans made on or after its effective date.