An Act relating to loans made from the bulk fuel loan account; and providing for an effective date.

Senate Bill 288 updates the rules for loans provided by the state's Bulk Fuel Loan Account to borrowers in Alaska. The bill increases the maximum loan amount from $750,000 to $1.5 million, with a higher limit of $1.8 million for cooperatives purchasing fuel for multiple communities. It also requires all loans from this account to be repaid within one year of disbursement. These changes apply to loans made on or after the bill's effective date.