State of Alaska
Fiscal Note
Bill Version: HB 358
2022 Legislative Session
Fiscal Note Number: 1
(H) Publish Date: 3/7/2022
Identifier: HB358-DCCED-AEA-02-25-22 Department: Department of Commerce, Community and
Title: RENEWABLE ENERGY GRANT FUND Economic Development
Sponsor: EDGMON Appropriation: Alaska Energy Authority
Requester: (H) ENERGY Allocation: Statewide Project Development, Alternative
Energy and Efficiency
OMB Component Number: 2888
Expenditures/Revenues
Note: Amounts do not include inflation unless otherwise noted below. (Thousands of Dollars)
Included in
FY2023 Governor's
Appropriation FY2023 Out-Year Cost Estimates
Requested Request
OPERATING EXPENDITURES FY 2023 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028
Personal Services
Travel
Services 1,400.0 1,400.0 1,400.0 1,400.0 1,400.0 1,400.0
Commodities
Capital Outlay
Grants & Benefits
Miscellaneous
Total Operating 0.0 1,400.0 1,400.0 1,400.0 1,400.0 1,400.0 1,400.0
Fund Source (Operating Only)
1210 Ren Energy (DGF) 1,400.0 1,400.0 1,400.0 1,400.0 1,400.0 1,400.0
Total 0.0 1,400.0 1,400.0 1,400.0 1,400.0 1,400.0 1,400.0
Positions
Full-time
Part-time
Temporary
Change in Revenues
None
Total 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Estimated SUPPLEMENTAL (FY2022) cost: 0.0 (separate supplemental appropriation required)
Estimated CAPITAL (FY2023) cost: 0.0 (separate capital appropriation required)
Does the bill create or modify a new fund or account? No
(Supplemental/Capital/New Fund - discuss reasons and fund source(s) in analysis section)
ASSOCIATED REGULATIONS
Does the bill direct, or will the bill result in, regulation changes adopted by your agency? No
If yes, by what date are the regulations to be adopted, amended or repealed? N/A
Why this fiscal note differs from previous version/comments:
Not applicable, initial version.
Prepared By: Curtis Thayer, Executive Director Phone: (907)771-3000
Division: Alaska Energy Authority Date: 02/25/2022
Approved By: Micaela Fowler, Administrative Services Director Date: 02/25/22
Agency: Department of Commerce, Community, and Economic Development
Printed 3/3/2022 Page 1 of 2 Control Code: HCezw
 HB 358 - Fiscal Note 1
FISCAL NOTE ANALYSIS
STATE OF ALASKA BILL NO. HB 358
2022 LEGISLATIVE SESSION
Analysis
HB 358 extends statutory authorization for the existing Renewable Energy Grant Fund program to June 30, 2033.
Adoption of the bill will continue program administration by the Alaska Energy Authority (AEA). AEA administers the grant
program in consultation with the Renewable Energy Fund Advisory Committee and submits recommendations for the
funding of competitively evaluated projects to the Alaska State Legislature. AEA administration includes program
management and oversight, grant management, project management, technical support, and accounting.
The costs of administering the program are dependent on (1) program funding levels; (2) volume of active projects in a
given year; and (3) technical oversight required for new and existing grants. For FY2023, the budgeted amount for the
program is $1,400.0.
If the bill is adopted, no new grants will be issued from the Renewable Energy Grant Fund. However, the activities and
costs of administering existing grants will continue until the active grants and projects are completed and closed.
(Revised 11/23/2021 OMB/LFD) Page 2 of 2
HB358-DCCED-AEA-02-25-22 Page 2 of 2 Control Code: HCezw