State of Alaska
Fiscal Note
Bill Version: HB 56
2018 Legislative Session
Fiscal Note Number: 2
(S) Publish Date: 5/2/2018
Identifier: HB056-DCCED-INV-05-01-18 Department: Department of Commerce, Community and
Title: COMMERCIAL FISHING LOANS Economic Development
Sponsor: ORTIZ Appropriation: Investments
Requester: (S) FIN Allocation: Investments
OMB Component Number: 383
Expenditures/Revenues
Note: Amounts do not include inflation unless otherwise noted below. (Thousands of Dollars)
Included in
FY2019 Governor's
Appropriation FY2019 Out-Year Cost Estimates
Requested Request
OPERATING EXPENDITURES FY 2019 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024
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 (FY2018) cost: 0.0 (separate supplemental appropriation required)
(discuss reasons and fund source(s) in analysis section)
Estimated CAPITAL (FY2019) cost: 0.0 (separate capital appropriation required)
(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If yes, by what date are the regulations to be adopted, amended or repealed?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:
Updated on new form for 2018 legislative session.
Prepared By: Britteny Cioni-Haywood, Director Phone: (907)465-2625
Division: Division of Economic Development
REPORT Date: 05/01/2018
ED
SFC 05/0 OUT OF
Approved By: Catherine Reardon, Director Date: 05/01/18
Agency: Division of Administrative Services, DCCED
1/2018
Printed 5/1/2018 Page 1 of 2 Control Code: kvrvL
 HB 56 - Fiscal Note 2
FISCAL NOTE ANALYSIS
STATE OF ALASKA BILL NO. HB 56
2018 LEGISLATIVE SESSION
Analysis
HB 56 raises the maximum aggregate loan amounts to borrowers under the Commercial Fishing Revolving Loan Fund
(CFRLF) .
The bill would allow larger loans for Limited Entry Permits, Individual Fishing Quota (IFQ), vessel purchases, and tender
vessel upgrades. The greatest impact for the users of the program is the increase from $100,000 to $200,000 for vessel
purchases. This will help to assist young Alaskans entering the fisheries. However, with the overall program limit remaining
at $400,000, any revenue generated by this change or expense is expected to be within the normal operational variance of
the fund resulting in no change in revenues.
This legislation would not create the need for a regulations project and could be implemented as allowed by statute.
(Revised 9/26/17 OMB/LFD) Page 2 of 2
HB056-DCCED-INV-05-01-18 Page 2 of 2 Control Code: kvrvL


Statutes affected:
HB0056A, AM HB 56, introduced 01/18/2017, passed House 03/27/2017, passed Senate 05/09/2018: 16.10.320
HB0056Z, AM Enrolled HB 56, introduced 05/09/2018: 16.10.320