An Act relating to loans made from the bulk fuel loan account; and providing for an effective date.
The bill addresses the provision of loans from the bulk fuel loan account and establishes an effective date for the legislation. It is aimed at regulating financial transactions regarding bulk fuel loans.
Do you support it?
Want to know if it passes?
We'll email you when HB 388 moves — a committee vote, a floor vote, or a signature. Nothing else.
Free forever · unsubscribe in one click.
Your answer was recorded either way.
Which district are you in?
Your ZIP is all we need to match you to your own representatives — so we can tell you how they voted on HB 388.
You're tracking HB 388
We'll email you the moment it moves.
HB 388 — An Act relating to loans made from the bulk fuel loan account; and providing for an effective date.
Last action — (H) EFFECTIVE DATE(S) OF LAW 7/3/26
No card. One bill, free forever — alerts when it moves.
-
✓Introduced
-
✓In Committee
-
✓Passed House
-
✓Passed Senate
-
✓To Executive
-
6Enacted
This bill has been enacted into law. Introduced May 01, 2026. Enacted.
Signed by Governor Mike Dunleavy (Republican) on July 03, 2026.
Prognosis
Where this bill stands today.
Odds of enactment
HighHow often bills like it became law.
-
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.
Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.
In plain language
This bill relates to loans from the bulk fuel loan account.
The bill addresses the provision of loans from the bulk fuel loan account and establishes an effective date for the legislation. It is aimed at regulating financial transactions regarding bulk fuel loans.
Bill Text
What changed in the latest version
54 added · 43 removedPlain-language change summary
The recent amendment to HB 388 increases the maximum loan amount from the bulk fuel loan account from $750,000 to $1,500,000 for individual borrowers. This change is particularly important for cooperative corporations or electric cooperatives that serve multiple communities, as they can now secure larger loans based on the number of communities they represent. This modification can help support more robust fuel purchasing operations, potentially improving energy access and affordability in Alaskan communities.
34-LS1670\ALAWS HOUSEOF BILLALASKA NO.Source Chapter No.
388CSHB IN388(FIN) THE_______ LEGISLATUREAN OFACT THERelating STATEto OFloans ALASKAmade THIRTY-FOURTHfrom LEGISLATUREthe -bulk SECONDfuel SESSIONloan BYaccount; THE HOUSE FINANCE COMMITTEE Introduced:
5/1/26and Referred:providing for an effective date.
Finance_______________ ABE BILLIT FORENACTED ANBY ACTTHE ENTITLEDLEGISLATURE "AnOF ActTHE relatingSTATE toOF loansALASKA: made from the bulk fuel loan account;
andTHE providingACT forFOLLOWS anON effectivePAGE date."1 BEEnrolled ITHB ENACTED388 BYAN THEACT LEGISLATURERelating OFto THEloans STATEmade OFfrom ALASKA:the bulk fuel loan account;
*and Sectionproviding 1.for an effective date.
_______________ * Section 1.
and (3) maymayincludeadditionaltermsand includeconditionsrequiredbythedivision. additional terms and conditions required by the HB0388a -1- HB 388 New Text Underlined [DELETED TEXT BRACKETED] 34-LS1670\A division.
-1- Enrolled HB 388 * Sec.
and (3) maymayincludeadditionaltermsand includeconditionsrequiredbythedivision. additional terms and conditions required by the division.
APPROPRIATIONS TO THE BULK FUEL REVOLVING LOAN FUND.
(a) For the fiscal years ending June 30, 2026, and June 30, 2027, (1) if the unexpended and unobligated balance of the bulk fuel revolving loan fund (AS 42.45.250) is insufficient to make a loan to an eligible borrower as provided in AS 42.45.260(d), as amended by sec.
1 of this Act, and AS 42.25.270(c), as amended by sec.
2 of this Act, the legislature may appropriate to the bulk fuel revolving loan fund the amount necessary to make a loan to the eligible borrower;
(2) the legislature may appropriate an amount equal to an appropriation made in (1) of this subsection, along with applicable interest, from the bulk fuel revolving loan fund to the funding source from which the appropriation made in (1) of this subsection was made.
(b) It is the intent of the legislature that appropriations made under (a)(2) of this section be made as soon as practicable after a borrower repays a loan made from the bulk fuel revolving loan fund.
* Sec.
4.
The uncodified law of the State of Alaska is amended by adding a new section to read:
4.5.
Enrolled HB 388 -2- HB0388a New Text Underlined [DELETED TEXT BRACKETED]
View plain text versions (3)
- Enrolled Enrolled HB 388 Current pdf
- HB 388 View text pdf
- CSHB 388(FIN) View text pdf
AI-generated reading aid from the bill's amendatory text — verify against the official bill.
This bill increases the maximum loan amounts available from the bulk fuel loan account and bulk fuel bridge loan account, and establishes provisions for appropriations to the bulk fuel revolving loan fund.
-
AS 42.45.260(d)
$750,000→ $1,500,000Increases the maximum loan amount from $750,000 to $1,500,000 for individual borrowers.
-
AS 42.45.260(d)
$750,000→ $1,500,000 multiplied by the number of communities on whose behalf the bulk fuel is to be purchasedAllows cooperative corporations purchasing on behalf of multiple communities to have a loan limit based on the number of communities served.
-
AS 42.45.270(c)
$750,000→ $1,500,000Increases the maximum loan amount from $750,000 to $1,500,000 for loans from the bulk fuel bridge loan account.
-
If the unexpended and unobligated balance of the bulk fuel revolving loan fund (AS 42.45.250) is insufficient to make a loan ..., the legislature may appropriate to the bulk fuel revolving loan fund the amount necessary to make a loan to the eligible borrower;
Allows the legislature to appropriate funds to the bulk fuel revolving loan fund if there are insufficient balances to make necessary loans.
-
the legislature may appropriate an amount equal to an appropriation made in (1) of this subsection, along with applicable interest, from the bulk fuel revolving loan fund to the funding source from which the appropriation made in (1) of this subsection was made.
Enables repayment of appropriated funds along with interest from the bulk fuel revolving loan fund back to the original funding source.
-
AS 42.45.260(d), as amended by sec. 1 of this Act, and AS 42.45.270(c), as amended by sec. 2 of this Act, apply to loans existing on or entered into on or after the effective date of this Act.
Specifies that new maximum loan limits apply to both existing and new loans after the bill's enactment.
Action History
-
(H) EFFECTIVE DATE(S) OF LAW 7/3/26
-
(H) LAW W/O GOV SIGNATURE 6/30 CH 47 SLA 26
-
(H) 3:10 P.M. 6/15/26 Transmitted to Governor
-
(S) VERSION: CSHB 388(FIN)
-
(S) RETURN TO (H), TRANSMIT TO GOV NEXT
-
(S) EFFECTIVE DATE(S) SAME AS PASSAGE
-
(S) PASSED Y20 N-
-
(S) READ THE THIRD TIME CSHB 388(FIN)
-
(S) ADVANCED TO THIRD READING UC
-
(S) READ THE SECOND TIME
-
(S) RULES TO CALENDAR 5/20/2026
-
(S) FN2: INDETERMINATE(H.FIN/FUND TRANSFERS)
-
(S) FN1: ZERO(CED)
-
(S) NR: KAUFMAN, MERRICK
-
(S) DP: OLSON, STEDMAN, HOFFMAN, CRONK, KIEHL
-
(S) FIN RPT 5DP 2NR
-
(S) Moved CSHB 388(FIN) Out of Committee -- Please Note Time Change --
-
(S) FINANCE at 09:00 AM SENATE FINANCE 532
-
(S) Minutes (SFIN)
-
(S) Heard & Held -- Please Note Time Change --
-
(S) FINANCE at 01:30 PM SENATE FINANCE 532
-
(S) FIN
-
(S) READ THE FIRST TIME - REFERRALS
-
(H) VERSION: CSHB 388(FIN)
-
(H) TRANSMITTED TO (S)
-
(H) EFFECTIVE DATE(S) SAME AS PASSAGE
-
(H) PASSED Y39 E1
-
(H) READ THE THIRD TIME CSHB 388(FIN)
-
(H) ADVANCED TO THIRD READING UC
-
(H) FIN CS ADOPTED UC
-
(H) READ THE SECOND TIME
-
(H) RULES TO CALENDAR 5/13/2026
-
(H) FN2: INDETERMINATE(H.FIN/FUND TRANSFERS)
-
(H) FN1: ZERO(CED)
-
(H) NR: STAPP, ALLARD, TOMASZEWSKI, MOORE
-
(H) DP: JIMMIE, HANNAN, GALVIN, BYNUM, JOSEPHSON, SCHRAGE, FOSTER
-
(H) FIN RPT CS(FIN) 7DP 4NR
-
(H) Moved CSHB 388(FIN) Out of Committee -- Recessed to a Call of the Chair --
-
(H) FINANCE at 01:30 PM ADAMS 519
-
(H) Heard & Held
-
(H) FINANCE at 01:30 PM ADAMS 519
-
(H) Heard & Held
-
(H) FINANCE at 01:30 PM ADAMS 519
-
(H) Heard & Held
-
(H) FINANCE at 01:30 PM ADAMS 519
-
(H) Heard & Held -- Please Note Time Change --
-
(H) FINANCE at 09:00 AM ADAMS 519
-
(H) FIN
-
(H) READ THE FIRST TIME - REFERRALS
Sponsors
- House Finance · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 64 not signed on
Sponsors (1)
- House Finance
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.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| R | 11 | 0 | 0 | 0 |
| D | 9 | 0 | 0 | 0 |
| Total | 20 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (20)
| Member | Party | Vote |
|---|---|---|
| Bill Wielechowski | D | Yea |
| Donald Olson | D | Yea |
| Elvi Gray-Jackson | D | Yea |
| Forrest Dunbar | D | Yea |
| Jesse Kiehl | D | Yea |
| Lyman Hoffman | D | Yea |
| Löki Tobin | D | Yea |
| Matt Claman | D | Yea |
| Scott Kawasaki | D | Yea |
| Bert Stedman | R | Yea |
| Cathy Giessel | R | Yea |
| Cathy Tilton | R | Yea |
| Gary Stevens | R | Yea |
| George Rauscher | R | Yea |
| James Kaufman | R | Yea |
| Jesse Bjorkman | R | Yea |
| Kelly Merrick | R | Yea |
| Mike Cronk | R | Yea |
| Robert Myers | R | Yea |
| Robert Yundt | R | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| R | 19 | 0 | 0 | 1 |
| D | 14 | 0 | 0 | 0 |
| N | 5 | 0 | 0 | 0 |
| Unaffiliated | 1 | 0 | 0 | 0 |
| Total | 39 | 0 | 0 | 1 |
| % of votes cast | 98% | 0% | 0% | 3% |
How each member voted (40)
| Member | Party | Vote |
|---|---|---|
| Steve St. Clair | — | Yea |
| Andi Story | D | Yea |
| Andrew Gray | D | Yea |
| Andy Josephson | D | Yea |
| Ashley Carrick | D | Yea |
| Carolyn Hall | D | Yea |
| Donna Mears | D | Yea |
| Genevieve Mina | D | Yea |
| Maxine Dibert | D | Yea |
| Neal Foster | D | Yea |
| Nellie Unangiq Jimmie | D | Yea |
| Robyn Niayuq Frier | D | Yea |
| Sara Hannan | D | Yea |
| Ted Eischeid | D | Yea |
| Zack Fields | D | Yea |
| Alyse Galvin | N | Yea |
| Bryce Edgmon | N | Yea |
| Calvin Schrage | N | Yea |
| Ky Holland | N | Yea |
| Rebecca Himschoot | N | Yea |
| Bill Elam | R | Yea |
| Chuck Kopp | R | Yea |
| Dan Saddler | R | Yea |
| David Nelson | R | Not Voting |
| David Nelson | R | Yea |
| DeLena Johnson | R | Yea |
| Elexie Moore | R | Yea |
| Frank Tomaszewski | R | Yea |
| Jamie Allard | R | Yea |
| Jeremy Bynum | R | Yea |
| Jubilee Underwood | R | Yea |
| Julie Coulombe | R | Yea |
| Justin Ruffridge | R | Yea |
| Kevin McCabe | R | Yea |
| Louise Stutes | R | Yea |
| Mia Costello | R | Yea |
| Mike Prax | R | Yea |
| Rebecca Schwanke | R | Yea |
| Sarah Vance | R | Yea |
| Will Stapp | R | Yea |
Subjects
Frequently asked questions
- Who sponsors HB 388?
- HB 388 is sponsored by House Finance.
- What is the current status of HB 388?
- This bill has been enacted into law. Introduced May 01, 2026. Enacted.
- Where can I track HB 388?
- Track HB 388 free on One Click Politics — get push/email alerts when it moves.
Make your voice heard on HB 388
Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.
Stay ahead of HB 388
Last checked for changes 3 months ago · updated continuously
One Click Politics tracks every bill in Congress and all 50 states.
Track this bill →