Enrolled HB 121: Relating to certain commercial fishing loans and to loans for the purchase of fishing quota shares by certain community quota entities and establishing the commercial charter fisheries revolving loan fund, the mariculture revolving loan fund, and the Alaska microloan revolving loan fund and relating to those funds and loans from those funds; and providing for an effective date.
00Enrolled HB 121 01 Relating to certain commercial fishing loans and to loans for the purchase of fishing quota 02 shares by certain community quota entities and establishing the commercial charter fisheries 03 revolving loan fund, the mariculture revolving loan fund, and the Alaska microloan revolving 04 loan fund and relating to those funds and loans from those funds; and providing for an 05 effective date. 06 _______________ 07 * Section 1. AS 16.10.320(a) is amended to read: 08 (a) Except as permitted in (h) and (l) of this section, a loan under 09 AS 16.10.300 - 16.10.370 10 (1) may not exceed a term of 15 years, except for extensions under 11 AS 16.10.310(a)(4); 12 (2) may not bear interest 13 (A) exceeding the prime rate, as defined by AS 44.88.599, plus
01 two percentage points; 02 (B) at a rate of [, BUT NOT] more than 10 1/2 percent a year; 03 or 04 (C) at a rate that is less than the cost of funds to the state; 05 (3) must be secured by a first priority lien and appropriate security 06 agreement; 07 (4) may not exceed 80 percent of the appraised value of the collateral 08 used to secure the loan; and 09 (5) may not be made to a person who has a past due child support 10 obligation established by court order or by the child support services agency under 11 AS 25.27.160 - 25.27.220 at the time of application. 12 * Sec. 2. AS 16.10.320(j) is amended to read: 13 (j) All principal and interest payments, and any money chargeable to principal 14 or interest that is collected through liquidation by foreclosure or other process, on 15 loans made under AS 16.10.300 - 16.10.370, except loans made under 16 AS 16.10.310(a)(1)(E) after June 30, 2012, shall be paid into the commercial fishing 17 revolving loan fund. All principal and interest payments, and any money 18 chargeable to principal or interest that is collected through liquidation by 19 foreclosure or other process, on loans made under AS 16.10.310(a)(1)(E) after 20 June 30, 2012, shall be paid into the community quota entity revolving loan fund. 21 * Sec. 3. AS 16.10.320(j), as amended by sec. 2 of this Act, is amended to read: 22 (j) All principal and interest payments, and any money chargeable to principal 23 or interest that is collected through liquidation by foreclosure or other process, on 24 loans made under AS 16.10.300 - 16.10.370, [EXCEPT LOANS MADE UNDER 25 AS 16.10.310(a)(1)(E) AFTER JUNE 30, 2012,] shall be paid into the commercial 26 fishing revolving loan fund. [ALL PRINCIPAL AND INTEREST PAYMENTS, 27 AND ANY MONEY CHARGEABLE TO PRINCIPAL OR INTEREST THAT IS 28 COLLECTED THROUGH LIQUIDATION BY FORECLOSURE OR OTHER 29 PROCESS, ON LOANS MADE UNDER AS 16.10.310(a)(1)(E) AFTER JUNE 30, 30 2012, SHALL BE PAID INTO THE COMMUNITY QUOTA ENTITY 31 REVOLVING LOAN FUND.]
01 * Sec. 4. AS 16.10.320 is amended by adding new subsections to read: 02 (l) Until a community quota entity has used loans under this subsection to 03 purchase fishing quota shares cumulatively authorizing a total take of 50,000 pounds, 04 a loan or a portion of a loan made to that community quota entity under 05 AS 16.10.310(a)(1)(E) may not exceed 95 percent of the appraised value of the 06 collateral used to secure the loan or a portion of the loan. A loan to a community quota 07 entity under AS 16.10.310(a)(1)(E) 08 (1) may not exceed a term of 25 years, except for extensions under 09 AS 16.10.310(a)(4); 10 (2) may not, alone or in combination with other loans to the 11 community quota entity under AS 16.10.310(a)(4), exceed $1,000,000 in loans to one 12 community quota entity; 13 (3) may have terms that allow for a community quota entity to defer 14 interest payments for up to two years; and 15 (4) is not eligible for refinancing by the department. 16 (m) In this section, "cost of funds" means the true interest cost expressed as a 17 rate based on the prime rate plus one percentage point plus an additional percentage 18 determined by the department to represent risk of loss, term of credit facility, the 19 allocable expense of operation, cost of issuance, and loan servicing costs. 20 * Sec. 5. AS 16.10.340 is amended to read: 21 Sec. 16.10.340. Creation of fund. (a) There is a commercial fishing revolving 22 loan fund to carry out the purpose of AS 16.10.300 - 16.10.370, except that the fund 23 may not be used to make loans under AS 16.10.310(a)(1)(E). 24 (b) Money in the fund may be used by the legislature to make appropriations 25 for costs of administering AS 16.10.300 - 16.10.370, except for costs associated with 26 loans under AS 16.10.310(a)(1)(E). 27 (c) If the commissioner determines that the fund contains money that is excess 28 to that needed under (a) and (b) of this section to carry out the purpose of 29 AS 16.10.300 - 16.10.370, then the commissioner may use the excess money to carry 30 out the purpose of AS 16.10.500 - 16.10.560. 31 * Sec. 6. AS 16.10.340, as amended by sec. 5 of this Act, is amended to read:
01 Sec. 16.10.340. Creation of fund. (a) There is a commercial fishing revolving 02 loan fund to carry out the purpose of AS 16.10.300 - 16.10.370 [, EXCEPT THAT 03 THE FUND MAY NOT BE USED TO MAKE LOANS UNDER 04 AS 16.10.310(a)(1)(E)]. 05 (b) Money in the fund may be used by the legislature to make appropriations 06 for costs of administering AS 16.10.300 - 16.10.370 [, EXCEPT FOR COSTS 07 ASSOCIATED WITH LOANS UNDER AS 16.10.310(a)(1)(E)]. 08 (c) If the commissioner determines that the fund contains money that is excess 09 to that needed [UNDER (a) AND (b) OF THIS SECTION] to carry out the purpose of 10 AS 16.10.300 - 16.10.370, then the commissioner may use the excess money to carry 11 out the purpose of AS 16.10.500 - 16.10.560. 12 * Sec. 7. AS 16.10.342(c) is amended to read: 13 (c) The commissioner may expend money credited to the foreclosure expense 14 account when necessary to protect the state's security interest in collateral on loans 15 granted under AS 16.10.300 - 16.10.370, except loans under AS 16.10.310(a)(1)(E), 16 or to defray expenses incurred during foreclosure proceedings after a default by an 17 obligor. 18 * Sec. 8. AS 16.10.342(c), as amended by sec. 7 of this Act, is amended to read: 19 (c) The commissioner may expend money credited to the foreclosure expense 20 account when necessary to protect the state's security interest in collateral on loans 21 granted under AS 16.10.300 - 16.10.370 [, EXCEPT LOANS UNDER 22 AS 16.10.310(a)(1)(E),] or to defray expenses incurred during foreclosure proceedings 23 after a default by an obligor. 24 * Sec. 9. AS 16.10 is amended by adding a new section to read: 25 Sec. 16.10.345. Community quota entity revolving loan fund. (a) The 26 community quota entity revolving loan fund is created. The commissioner may use the 27 fund for loans made under AS 16.10.310(a)(1)(E) after June 30, 2012, and before 28 June 30, 2017, and for administrative and other costs associated with those loans. 29 (b) The foreclosure expense account is established as a special account in the 30 community quota entity revolving loan fund. The commissioner may expend money 31 credited to the foreclosure expense account when necessary to protect the state's
01 security interest in collateral on loans made under AS 16.10.310(a)(1)(E) after 02 June 30, 2012, or to defray expenses incurred during foreclosure proceedings after a 03 default by an obligor. 04 * Sec. 10. AS 16.10.350(a) is amended to read: 05 (a) The commissioner shall administer the commercial fishing revolving 06 loan fund and the community quota entity revolving loan fund. 07 * Sec. 11. AS 16.10.350(a), as amended by sec. 10 of this Act, is amended to read: 08 (a) The commissioner shall administer the commercial fishing revolving loan 09 fund [AND THE COMMUNITY QUOTA ENTITY REVOLVING LOAN FUND]. 10 * Sec. 12. AS 16.10 is amended by adding new sections to read: 11 Article 13. Commercial Charter Fisheries Revolving Loan Fund. 12 Sec. 16.10.801. Commercial charter fisheries revolving loan fund. (a) The 13 commercial charter fisheries revolving loan fund is created in the Department of 14 Commerce, Community, and Economic Development to carry out the purposes of 15 AS 16.10.801 - 16.10.890. 16 (b) The commercial charter fisheries revolving loan fund consists of the 17 following: 18 (1) money appropriated to, transferred to, or received by gift, grant, 19 devise, bequest, or donation to the fund; 20 (2) principal and interest payments or other income earned on loans or 21 investments of the fund; 22 (3) money chargeable to principal or interest that is collected through 23 liquidation by foreclosure or other process on loans made under AS 16.10.801 - 24 16.10.890. 25 (c) Money in the fund may be used by the legislature to make appropriations 26 for costs of administering AS 16.10.801 - 16.10.890. 27 Sec. 16.10.805. Powers and duties of the department. The department may 28 (1) make loans to eligible applicants under AS 16.10.801 - 16.10.890 29 (A) for the purchase of charter halibut permits; 30 (B) to refinance debt obligations made by other lenders more 31 than 12 months before the department received the loan application and
01 incurred by an applicant for the purchase of charter halibut fishing vessels or 02 gear if the applicant otherwise qualifies for a loan under AS 16.10.801 - 03 16.10.890; the department may collect a refinancing loan origination charge as 04 provided by regulation; 05 (2) receive, take, hold, and administer any appropriation, transfer, gift, 06 grant, bequest, devise, or donation of money for the fund; 07 (3) establish amortization plans for repayment of loans, including 08 extensions of the terms of loans; 09 (4) allow an assumption of a loan if 10 (A) the applicant meets the requirements established under this 11 section; and 12 (B) approval of the assumption would be consistent with the 13 purposes of AS 16.10.801 - 16.10.890; 14 (5) establish the rate of interest for loans consistent with law; 15 (6) charge and collect fees for services provided under AS 16.10.801 - 16 16.10.890; 17 (7) adopt regulations under AS 44.62 necessary to carry out the 18 provisions of AS 16.10.801 - 16.10.890, including regulations to establish reasonable 19 fees for services provided; and 20 (8) designate agents and delegate powers as necessary to the agents. 21 Sec. 16.10.810. Eligibility. (a) For an applicant to be eligible for a loan under 22 AS 16.10.801 - 16.10.890, the applicant shall be a resident of the state, as determined 23 under (c) of this section, and shall 24 (1) qualify for the purchase of a charter halibut permit under applicable 25 law; or 26 (2) qualify as a transferee for a charter halibut permit under applicable 27 law. 28 (b) In addition to the requirements set out in (a) of this section, the applicant 29 must provide to the department a document from a state financial institution stating 30 that 31 (1) the applicant has been denied a loan for the same purpose; or
01 (2) a loan from the financial institution is contingent on the applicant 02 also receiving a loan from the fund. 03 (c) To meet the residency requirements of (a) of this section, the applicant 04 (1) shall physically reside in this state and maintain a domicile in this 05 state during the 24 consecutive months preceding the date of application for the 06 program; and 07 (2) may not have 08 (A) declared or established residency in another state; or 09 (B) received residency or a benefit based on residency from 10 another state. 11 Sec. 16.10.815. Limitations on loans. (a) Except as provided in (b) of this 12 section, a loan under AS 16.10.801 - 16.10.890 13 (1) for a charter halibut permit may not exceed the permit value 14 determined by a 12-month rolling average set quarterly by the department for like 15 permits; 16 (2) for a loan other than a loan for a charter halibut permit may not 17 exceed $100,000 a year; 18 (3) may not exceed a term of 15 years, except for extensions under 19 AS 16.10.805; 20 (4) may not bear interest at a rate greater than the prime rate, as 21 defined in AS 44.88.599, plus two percentage points, but which may not be less than 22 six percent a year or more than 10 1/2 percent a year; 23 (5) must be secured by a first priority lien on collateral acceptable to 24 the commissioner, which may include collateral other than a charter halibut permit; 25 and 26 (6) may not be made to a person who has a past due child support 27 obligation established by court order or by the child support services agency under 28 AS 25.27.160 - 25.27.220 at the time of application. 29 (b) The total balances outstanding on loans made to a borrower under 30 AS 16.10.805 may not exceed $200,000. 31 Sec. 16.10.820. Default. If the borrower defaults on a note, the department
01 shall notify the borrower of the default and the consequences of default by mailing a 02 notice to the borrower's most recent address provided to the department by the 03 borrower or obtained by the department. 04 Sec. 16.10.825. Special account established. (a) The foreclosure expense 05 account is established as a special account within the commercial charter fisheries 06 revolving loan fund. 07 (b) The department may expend money credited to the foreclosure expense 08 account when necessary to protect the state's security interest in collateral on loans 09 granted under AS 16.10.815 or to defray expenses incurred during foreclosure 10 proceedings after an obligor defaults. 11 Sec. 16.10.830. Disposal of property acquired after default. The department 12 shall dispose of property acquired through default of a loan made under AS 16.10.801 13 - 16.10.890. Disposal must be made in a manner that serves the best interest of the 14 state and may include the amortization of payments over a period of years. 15 Sec. 16.10.835. Waiver of confidentiality. The commissioner may release 16 information about the borrower's loan to any individual if release of the information 17 has been authorized by the borrower. 18 Sec. 16.10.890. Definitions. In AS 16.10.801 - 16.10.890, 19 (1) "commissioner" means the commissioner of commerce, 20 community, and economic development; 21 (2) "department" means the Department of Commerce, Community, 22 and Economic Development. 23 Article 14. Mariculture Revolving Loan Fund. 24 Sec. 16.10.900. Mariculture revolving loan fund. (a) The mariculture 25 revolving loan fund is created within the Department of Commerce, Community, and 26 Economic Development to carry out the purposes of AS 16.10.900 - 16.10.945. 27 (b) The mariculture revolving loan fund consists of the following: 28 (1) money appropriated to, transferred to, or received by gift, grant, 29 devise, bequest, or donation to the fund; 30 (2) principal and interest payments or other income earned on loans or 31 investments of the fund; and
01 (3) money chargeable to principal or interest that is collected through 02 liquidation by foreclosure or other process on loans made under AS 16.10.900 - 03 16.10.945. 04 (c) Money in the fund may be used by the legislature to make appropriations 05 for costs of administering AS 16.10.900 - 16.10.945. 06 Sec. 16.10.905. Powers and duties of the department. The department may 07 (1) make loans to eligible applicants under AS 16.10.900 - 16.10.945 08 for the planning, construction, and operation of a mariculture business; 09 (2) receive, take, hold, and administer any appropriation, transfer, gift, 10 grant, bequest, devise, or donation of money for the fund; 11 (3) establish amortization plans for repayment of loans, including 12 extensions of the terms of loans; 13 (4) allow an assumption of a loan if 14 (A) the applicant meets the requirements established under this 15 section; and 16 (B) approval of the assumption would be consistent with the 17 purposes of AS 16.10.900 - 16.10.945; 18 (5) establish the rate of interest for loans consistent with law; 19 (6) charge and collect fees for services provided under AS 16.10.900 - 20 16.10.945; 21 (7) adopt regulations under AS 44.62 necessary to carry out the 22 provisions of AS 16.10.900 - 16.10.945, including regulations to establish reasonable 23 fees for services provided; and 24 (8) designate agents and delegate powers as necessary to the agents. 25 Sec. 16.10.910. Eligibility. (a) For an applicant to be eligible for a loan under 26 AS 16.10.900 - 16.10.945, the applicant shall 27 (1) be a resident of the state, as determined under (c) of this section; 28 (2) have a permitted mariculture farm location in this state; and 29 (3) have experience or training in the mariculture industry. 30 (b) In addition to the requirements set out in (a) of this section, the applicant 31 (1) may not be eligible for financing from other recognized
01 commercial lending institutions; or 02 (2) shall be able to obtain only a portion of the total loan request from 03 a recognized commercial lending institution. 04 (c) To meet the residency requirements of (a) of this section, the applicant 05 (1) shall physically reside in this state and maintain a domicile in this 06 state during the 24 consecutive months preceding the date of application for the 07 program; and 08 (2) may not have 09 (A) declared or established residency in another state; or 10 (B) received residency or a benefit based on residency from 11 another state. 12 Sec. 16.10.915. Limitations on loans. (a) Except as provided in (b) and (c) of 13 this section, a loan under AS 16.10.900 - 16.10.945 14 (1) may not exceed $100,000 a year; 15 (2) may not exceed a term of 20 years, except for extensions under 16 AS 16.10.905; 17 (3) may not bear interest at a rate greater than the prime rate, as 18 defined in AS 44.88.599, plus one percentage point, but which may not be less than 19 five percent a year or more than nine percent a year; 20 (4) must be secured by a first priority lien on collateral acceptable to 21 the department; and 22 (5) may not be made to a person who has a past due child support 23 obligation established by court order or by the child support services agency under 24 AS 25.27.160 - 25.27.220 at the time of application. 25 (b) Subsequent loans may be made to the borrower under AS 16.10.910 if the 26 total of the balances outstanding on the loans received by the borrower does not 27 exceed $300,000. 28 (c) A loan under AS 16.10.910 may be made for the purchase of boats or 29 vessels determined to be integral to the operation of the farm. 30 (d) For a loan made under AS 16.10.900 - 16.10.945, the department may 31 provide a reduction of the interest rate of not more than two percent if at least 50
01 percent of the loan proceeds are used by the borrower for purchasing products 02 manufactured or produced in the state. When the department offers a reduction under 03 this subsection, the department shall provide the reduction to all loan applicants who 04 meet the criterion described in this subsection. In this subsection, "manufactured or 05 produced" means processing, developing, or making an item into a new item with a 06 distinct character and use. 07 Sec. 16.10.920. Repayment of principal of and interest on loans. The 08 department may not require the repayment of principal and interest on a loan made 09 under AS 16.10.910 during the first six years of the loan. Interest on the principal of a 10 loan made under AS 16.10.910 may be deferred for a period of not more than the first 11 six years of the loan. 12 Sec. 16.10.925. Default. If the borrower defaults on a note, the department 13 shall notify the borrower of the default and the consequences of default by mailing a 14 notice to the borrower's most recent address provided to the department by the 15 borrower or obtained by the department. 16 Sec. 16.10.930. Special account established. (a) The foreclosure expense 17 account is established as a special account in the mariculture revolving loan fund. 18 (b) The department may expend money credited to the foreclosure expense 19 account when necessary to protect the state's security interest in collateral on loans 20 granted under AS 16.10.910 or to defray expenses incurred during foreclosure 21 proceedings after an obligor defaults. 22 Sec. 16.10.935. Disposal of property acquired after default. The department 23 shall dispose of property acquired through default of a loan made under AS 16.10.900 24 - 16.10.945. Disposal must be made in a manner that serves the best interest of the 25 state and may include the amortization of payments over a period of years. 26 Sec. 16.10.940. Waiver of confidentiality. The commissioner may release 27 information about the borrower's loan to any individual if release of the information 28 has been authorized by the borrower. 29 Sec. 16.10.945. Definitions. In AS 16.10.900 - 16.10.945, 30 (1) "commissioner" means the commissioner of commerce, 31 community, and economic development;
01 (2) "department" means the Department of Commerce, Community, 02 and Economic Development; 03 (3) "mariculture" means the farming of shellfish and aquatic plants as 04 defined in AS 16.40.199. 05 * Sec. 13. AS 44.33 is amended by adding new sections to read: 06 Article 15. Alaska Microloan Revolving Loan Fund. 07 Sec. 44.33.950. Alaska microloan revolving loan fund. (a) The Alaska 08 microloan revolving loan fund is created in the Department of Commerce, 09 Community, and Economic Development to carry out the purposes of AS 44.33.950 - 10 44.33.990. 11 (b) The Alaska microloan revolving loan fund consists of the following: 12 (1) money appropriated to, transferred to, or received by gift, grant, 13 devise, bequest, or donation to the fund; 14 (2) principal and interest payments or other income earned on loans or 15 investments of the fund; 16 (3) money chargeable to principal or interest that is collected through 17 liquidation by foreclosure or other process on loans made under AS 44.33.950 - 18 44.33.990. 19 (c) Money in the fund may be used by the legislature to make appropriations 20 for costs of administering AS 44.33.950 - 44.33.990. 21 Sec. 44.33.955. Powers and duties of the department. The department may 22 (1) make loans to eligible applicants under AS 44.33.950 - 44.33.990 23 to be used for working capital, equipment, construction, or other commercial purposes 24 by a business located in the state; 25 (2) receive, take, hold, and administer any appropriation, transfer, gift, 26 grant, bequest, devise, or donation of money for the fund; 27 (3) establish amortization plans for repayment of loans, including 28 extensions of the terms of loans; 29 (4) allow an assumption of a loan if 30 (A) the applicant meets the requirements established under this 31 section; and
01 (B) approval of the assumption would be consistent with the 02 purposes of AS 44.33.950 - 44.33.990; 03 (5) establish the rate of interest for loans consistent with law; 04 (6) charge and collect fees for services provided under AS 44.33.950 - 05 44.33.990; 06 (7) adopt regulations under AS 44.62 necessary to carry out the 07 provisions of AS 44.33.950 - 44.33.990, including regulations to establish reasonable 08 fees for services provided; and 09 (8) designate agents and delegate powers as necessary to the agents. 10 Sec. 44.33.960. Eligibility. (a) For an applicant to be eligible for a loan under 11 AS 44.33.950 - 44.33.990, the applicant shall 12 (1) be a resident of the state, as determined under (b) of this section; 13 (2) provide a reasonable amount of money from other nonstate sources 14 for use on any project or enterprise for which money from a loan will be used; and 15 (3) if the requested loan amount is $35,000 or more, provide to the 16 department a document from a state financial institution stating that 17 (A) the applicant has been denied a loan for the same purpose; 18 or 19 (B) a loan from the financial institution is contingent on the 20 applicant also receiving a loan from the fund. 21 (b) To meet the residency requirements of (a) of this section, the applicant 22 (1) shall physically reside in this state and maintain a domicile in this 23 state during the 12 consecutive months preceding the date of application for the 24 program; and 25 (2) may not have 26 (A) declared or established residency in another state; or 27 (B) received residency or a benefit based on residency from 28 another state. 29 Sec. 44.33.965. Limitations on loans. (a) The department may use money 30 from the Alaska microloan revolving loan fund to make loans of up to $35,000 to a 31 person or loans of up to $70,000 to two or more persons.
01 (b) A loan under AS 44.33.950 - 44.33.990 02 (1) may not exceed a term of six years, except for extensions under 03 AS 44.33.955; 04 (2) may not bear interest at a rate greater than the prime rate, as 05 defined in AS 44.88.599, plus one percentage point, but which may not be less than 06 six percent a year or more than eight percent a year; 07 (3) must be secured by collateral acceptable to the commissioner; and 08 (4) may not be made to a person who has a past due child support 09 obligation established by court order or by the child support services agency under 10 AS 25.27.160 - 25.27.220 at the time of application. 11 Sec. 44.33.970. Special account established. (a) The foreclosure expense 12 account is established as a special account in the Alaska microloan revolving loan 13 fund. 14 (b) The department may expend money credited to the foreclosure expense 15 account when necessary to protect the state's security interest in collateral on loans 16 granted under AS 44.33.960 or to defray expenses incurred during foreclosure 17 proceedings after an obligor defaults. 18 Sec. 44.33.975. Default. If the borrower defaults on a note, the department 19 shall notify the borrower of the default and the consequences of default by mailing a 20 notice to the borrower's most recent address provided to the department by the 21 borrower or obtained by the department. 22 Sec. 44.33.980. Disposal of property acquired after default. The department 23 shall dispose of property acquired through default of a loan made under AS 44.33.950 24 - 44.33.990. Disposal must be made in a manner that serves the best interest of the 25 state and may include the amortization of payments over a period of years. 26 Sec. 44.33.990. Definitions. In AS 44.33.950 - 44.33.990, 27 (1) "commissioner" means the commissioner of commerce, 28 community, and economic development; 29 (2) "department" means the Department of Commerce, Community, 30 and Economic Development. 31 * Sec. 14. AS 16.10.345 is repealed.
01 * Sec. 15. The uncodified law of the State of Alaska is amended by adding a new section to 02 read: 03 TRANSITION. Notwithstanding the repeal of AS 16.10.345 in sec. 14 of this Act, a 04 loan made from the community quota entity revolving loan fund remains in effect and shall be 05 administered by the commissioner of commerce, community, and economic development 06 under the commercial fishing revolving loan fund under AS 16.10.350. 07 * Sec. 16. Sections 3, 6, 8, 11, and 14 of this Act take effect June 30, 2017. 08 * Sec. 17. Except as provided by sec. 16 of this Act, this Act takes effect immediately under 09 AS 01.10.070(c).