Alaska 30th Legislature (2017-2018) Status: Enacted

HB 304 — An Act relating to the Alaska microloan revolving loan fund and loans from the fund.

Last action — EFFECTIVE DATE(S) OF LAW 12/4/18

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed House
  4. ✓
    Passed Senate
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced January 24, 2018. Enacted.

Odds of enactment

High chance

Based on the sponsor, cosponsors, and committee posture, this bill has a high chance of becoming law.

Upgrade to see the exact probability and what's driving it.

A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Likely to advance 70% · moderate confidence

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Cleared a recorded vote

    Passed 2 recorded votes so far.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Bill Text

What changed in the latest version

3 added · 3 removed

Plain-language change summary

The revised bill HB 304 has made a few key updates. First, the maximum term for a loan has been changed from 15 years to 12 years, which shortens the repayment period. Additionally, the interest rate cap has been adjusted; it now allows a maximum of the prime rate plus two percentage points instead of one. These changes matter because they could affect how long borrowers have to repay their loans and how much interest they’ll end up paying, potentially making it more challenging for small business owners to secure and manage their loans.

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Alaska State Legislature The Alaska State Legislature menu Home Senate Current Members Past Members By Session Alphabetical House Current Members Past Members By Session Alphabetical Bills & Laws Bills All Introduced Actions by Date Awaiting Actions Bills sent to Conf Committee Bills in Committee Governor's Vetoes Passed Legislation Prefile Bill Summary Requestor Summary Statistics Sponsor Summary Subject Summary Laws Constitution Constitutional Convention Files Statutes Executive Orders - Current Executive Orders - Historical Administrative Code Journals Session Laws & Resolves Session Laws & Resolves 2017 Session Laws & Resolves 2018 - Previous Year Session Law - Previous Year Legislative Resolves Tools Statute Information Retrieval System Bill Tracking Management Facility Past Legislatures (Archives) Committees Hearing Schedule Standing Committees Finance Committees Special Committees Joint Committees Conference Committees Other Committees Minutes Publications Get Started Information Offices Legislative Affairs Legislative Agencies Links Legislative Branch Executive Branch Judicial Branch Alaska Delegation Home Bill & Laws Bills Enrolled HB 304 Detail FullText txt Enrolled HB 304:
"An Act relating to the Alaska microloan revolving loan fund and loans from the fund." SENATE CS FOR CS FOR HOUSE BILL NO.
Relating to the Alaska microloan revolving loan fund and loans from the fund.
304(FIN) 01 "An Act relating to the Alaska microloan revolving loan fund and loans from the fund." 02 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:
00Enrolled HB 304 01 Relating to the Alaska microloan revolving loan fund and loans from the fund.
03 * Section 1.
02 _______________ 03 * Section 1.
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Action History

  1. EFFECTIVE DATE(S) OF LAW 12/4/18

  2. Signed into law 9/5 CHAPTER 102 SLA 18

  3. 8:21 AM 8/31/18 Transmitted to Governor

  4. CONCUR AM OF (S) Y38 N1 A1

  5. CONCUR MESSAGE TAKEN UP

  6. CONCUR MESSAGE READ AND HELD

  7. VERSION: SCS CSHB 304(FIN)

  8. TRANSMITTED TO (H) AS AMENDED

  9. PASSED Y19 N- E1

  10. Read the third time SCS CSHB 304(FIN)

  11. ADVANCED TO THIRD READING UC

  12. FIN SCS ADOPTED UC

  13. Read the second time

  14. RULES TO CALENDAR 5/10/2018

  15. Fiscal Note 1: No fiscal impact (Commerce, Community & Economic Development)

  16. FIN Do Pass: BISHOP, VON IMHOF, STEVENS, MICCICHE

  17. FIN No Recommendation: MACKINNON, OLSON

  18. FIN RPT SCS 4DP 2NR SAME TITLE

  19. Referred to Finance

  20. Read the first time - REFERRALS

  21. VERSION: CSHB 304(FIN)

  22. TRANSMITTED TO (S)

  23. PASSED Y40

  24. Read the third time CSHB 304(FIN)

  25. ADVANCED TO THIRD READING UC

  26. FIN CS ADOPTED UC

  27. Read the second time

  28. RULES TO CALENDAR 4/15/2018

  29. Fiscal Note 1: No fiscal impact (Commerce, Community & Economic Development)

  30. FIN Amend: WILSON, TILTON

  31. FIN Do Pass: GARA, KAWASAKI, PRUITT, THOMPSON, GUTTENBERG, SEATON, FOSTER

  32. FIN RPT CS(FIN) 7DP 2AM

  33. Fiscal Note 1: No fiscal impact (Commerce, Community & Economic Development)

  34. L&C No Recommendation: JOSEPHSON, BIRCH

  35. L&C Do Pass: SULLIVAN-LEONARD, STUTES, WOOL, KITO

  36. L&C RPT 4DP 2NR

  37. GOVERNOR'S TRANSMITTAL LETTER

  38. Fiscal Note 1: No fiscal impact (Commerce, Community & Economic Development)

  39. L&C, FIN

  40. Read the first time - REFERRALS

Sponsors

  • RULES BY REQUEST OF THE GOVERNOR · Primary

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 64 not signed on

Sponsors (1)

  • RULES BY REQUEST OF THE GOVERNOR

Co-sponsors (0)

None.

Not signed on (64)

64 members have not signed on to this bill.

Show all 64 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Shall SENATE CS FOR CS FOR HOUSE BILL NO. 304(FIN) "An Act relating to the Alaska microloan revolving loan fund and loans from the fund" pass the Senate?

Passed 19 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Unaffiliated 13000
R 3001
D 3000
Total 19001
% of votes cast 95%0%0%5%
How each member voted (20)
Member Party Vote
Begich — Yea
Bishop — Yea
Coghill — Yea
Egan — Yea
Gardner — Yea
Hughes — Yea
Kelly — Yea
MacKinnon — Yea
Meyer — Yea
Micciche — Yea
Shower — Yea
Wilson — Yea
von Imhof — Yea
Bill Wielechowski D Yea
Donald Olson D Yea
Lyman Hoffman D Yea
Bert Stedman R Not Voting
Cathy Giessel R Yea
Gary Stevens R Yea
Mia Costello R Yea

Official roll call →

Shall CSHB 304(FIN) pass the House?

Passed 40 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 29000
D 4000
N 1000
R 6000
Total 40000
% of votes cast 100%0%0%0%
How each member voted (40)
Member Party Vote
Birch — Yea
Chenault — Yea
Drummond — Yea
Eastman — Yea
Gara — Yea
Grenn — Yea
Guttenberg — Yea
Johnston — Yea
Kito — Yea
Knopp — Yea
Kreiss-Tomkins — Yea
LeDoux — Yea
Lincoln — Yea
Millett — Yea
Neuman — Yea
Ortiz — Yea
Parish — Yea
Pruitt — Yea
Reinbold — Yea
Seaton — Yea
Spohnholz — Yea
Sullivan-Leonard — Yea
Talerico — Yea
Tarr — Yea
Thompson — Yea
Tuck — Yea
Wool — Yea
Zulkosky — Yea
Wilson — Yea
Andy Josephson D Yea
Matt Claman D Yea
Neal Foster D Yea
Scott Kawasaki D Yea
Bryce Edgmon N Yea
Cathy Tilton R Yea
Chuck Kopp R Yea
Dan Saddler R Yea
DeLena Johnson R Yea
George Rauscher R Yea
Louise Stutes R Yea

Official roll call →

Subjects

finance agriculture
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors HB 304?
HB 304 is sponsored by RULES BY REQUEST OF THE GOVERNOR.
What is the current status of HB 304?
This bill has been enacted into law. Introduced January 24, 2018. Enacted.
Where can I track HB 304?
Track HB 304 free on One Click Politics — get push/email alerts when it moves.

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