Legislature(2017 - 2018)

2018-01-24 House Journal

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2018-01-24                     House Journal                      Page 2241
enterprise throughout the state, with a specific policy emphasis on job                                                         
creation in rural communities.                                                                                                  
                                                                                                                                
This bill would improve the program by allowing a loan term for up to                                                           
15 years (as opposed to the current six years) and increase the interest                                                        
rate from one percentage point above the prime rate to two percentage                                                           
points above the prime rate. Further, the minimum interest rate would                                                           
be modified to not less than four percent a year (rather than the current                                                       
six percent a year). The maximum interest rate would remain eight                                                               
percent a year.                                                                                                                 
                                                                                                                                
These changes will allow the program to incentivize the startup and                                                             
expansion of small and micro businesses, growing the small business                                                             
sector while still protecting the state's financial interests.                                                                  
                                                                                                                                
I urge your prompt and favorable action on this measure to create a                                                             
Stronger Alaska.                                                                                                                
                                                                                                                                
Sincerely,                                                                                                                      
/s/                                                                                                                             
Bill Walker                                                                                                                     
Governor"                                                                                                                       
                                                                                                                                
HB 305                                                                                                                        
HOUSE BILL NO. 305 by the House Rules Committee by request of                                                                   
the Governor, entitled:                                                                                                         
                                                                                                                                
     "An Act relating to oil and hazardous substances and waiver of                                                             
     cost recovery for containment and cleanup of certain releases; and                                                         
     providing for an effective date."                                                                                          
                                                                                                                                
was read the first time and referred to the Resources and Finance                                                               
Committees.                                                                                                                     
                                                                                                                                
The following fiscal note(s) apply:                                                                                             
                                                                                                                                
1. Fiscal, Dept. of Environmental Conservation                                                                                  
                                                                                                                                
The Governor's transmittal letter dated January 23 follows: