2025-07-30                     Senate Journal                      Page 1413
SB 156                                                                                                                        
Letter dated July 16 was received:                                                                                              
                                                                                                                                
Dear President Stevens:                                                                                                         
                                                                                                                                
Under the authority vested in me by Article II, Section 15, of the                                                              
Alaska Constitution, I have vetoed the following bill:                                                                          
                                                                                                                                
         HOUSE CS FOR CS FOR SENATE BILL                                                                                        
         NO. 156(FSH) "An Act relating to the Department of                                                                     
         Commerce, Community, and Economic                                                                                      
         Development; relating to the Alaska Commercial                                                                         
         Fishing and Agriculture Bank; relating to certain                                                                      
         loans made by the Alaska Commercial Fishing and                                                                        
         Agriculture Bank; relating to certain commercial                                                                       
         fishing loans; and providing for an effective date."                                                                   
                                                                                                                                
                                                                                                                                
                                                                                                                                

2025-07-30                     Senate Journal                      Page 1414
SB?156 would invest $3.69?million in state funds to a private bank so it                                                        
can offer lower-interest loans. In a year of limited revenues and                                                               
competing needs, committing scarce public dollars to subsidize a                                                                
private lender is not prudent. Until long-term fiscal policy is put into                                                        
place, the State must preserve its limited resources.                                                                           
                                                                                                                                
Sincerely,                                                                                                                      
/s/                                                                                                                             
Mike Dunleavy                                                                                                                   
Governor