State of Alaska
Fiscal Note
Bill Version: CSSB 125(FIN)
2024 Legislative Session
Fiscal Note Number: 9
(S) Publish Date: 5/12/2024
Identifier: SB125CS(FIN)-DCCED-INV-05-11-24 Department: Department of Commerce, Community and
Title: AK HOUSING FINANCE CORP: SUSTAIN Economic Development
ENERGY Appropriation: Investments
Sponsor: RLS BY REQUEST OF THE GOVERNOR Allocation: Investments
Requester: (S) FINANCE OMB Component Number: 383
Expenditures/Revenues
Note: Amounts do not include inflation unless otherwise noted below. (Thousands of Dollars)
Included in
FY2025 Governor's
Appropriation FY2025 Out-Year Cost Estimates
Requested Request
OPERATING EXPENDITURES FY 2025 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030
Personal Services
Travel
Services
Commodities
Capital Outlay
Grants & Benefits
Miscellaneous
Total Operating 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Fund Source (Operating Only)
None
Total 0.0 0.0 0.0 0.0 0.0 0.0 0.0
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 (FY2024) cost: 0.0 (separate supplemental appropriation required)
Estimated CAPITAL (FY2025) 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If yes, by what date are the regulations to be adopted, amended or repealed?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: Jim Andersen, Director Phone: (907)465-2513
Division: Division of Investments
REPORT Date: 05/11/2024
ED
SFC 05/1 OUT OF
Approved By: Hannah Lager, Administrative Services Director Date: 05/11/24
Agency: Commerce, Community, and Economic Development
2/2024
Printed 5/12/2024 Page 1 of 2 Control Code: SkfJM
CSSB 125(FIN) - Fiscal Note 9
FISCAL NOTE ANALYSIS
STATE OF ALASKA BILL NO. CSSB(FIN)125
2024 LEGISLATIVE SESSION
Analysis
The bill gives the Alaska Housing Finance Corporation (AHFC) the authority to contract with the Alaska Energy Authority
(AEA) for the provision of technical review, energy infrastructure expertise, or analysis of proposed sustainable energy
development loans.
This bill also amends the statutes governing the rate of interest and maximum loan amounts for the Commercial Fishing
Revolving Loan Fund for a period of three years. It sets the interest rate at 5.25 percent, the historical base for interest
rates for loans under this program. It also increases the maximum loan amount for a refinancing loan from $200.0 to
$400.0, and gear and vessel purchases from $200.0 to $400.0, making the cap the same as the cap for other loan types
under the program. The interest rate is returned to the previous rate structure of prime plus two percent, with a cap of
10.5 percent, on July 1, 2027. The loan amount caps are also returned to $200.0 on July 1, 2027.
Loans from the Commercial Fishing Revolving Loan Fund are issued without appropriation, and therefore there is no fiscal
impact reflected in this fiscal note.
(Revised 10/31/2023 OMB/LFD) Page 2 of 2
SB125CS(FIN)-DCCED-INV-05-11-24 Page 2 of 2 Control Code: SkfJM

Statutes affected:
SB0125A, AM SB 125, introduced 04/05/2023: 18.56.010, 18.56.086, 10.20.146, 10.20.166, 37.15.903, 18.56.090, 37.10.071, 37.10.010, 37.10.040, 37.25.050, 37.05.130, 37.05.140, 44.99.115, 18.56.088, 18.56.900
SB0125B, AM CSSB 125(FIN), introduced 05/12/2024: 16.10.310, 16.10.300, 16.10.370, 16.05.480, 06.01.050, 16.10.320, 44.88.599, 25.27.160, 25.27.220, 18.56.010, 18.56.086, 10.20.146, 10.20.166, 37.15.903, 44.99.115, 18.56.090, 18.56.900