SENATE BILL NO. 156                                                                                                           
                                                                                                                                
     "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; and providing                                                                    
     for an effective date."                                                                                                    
                                                                                                                                
9:33:41 AM                                                                                                                    
                                                                                                                                
Senator Kiehl reintroduced the legislation.                                                                                     
                                                                                                                                
Senator Merrick MOVED to ADOPT the committee substitute for                                                                     
SB 156, Work Draft 34-LS0857\H (Bullard, 5/12/25).                                                                              
                                                                                                                                
Co-Chair Hoffman OBJECTED for discussion.                                                                                       
                                                                                                                                
9:35:54 AM                                                                                                                    
                                                                                                                                
ELLA ATKISON, STAFF, SENATOR JESSE KIEHL, discussed the                                                                         
Explanation of Changes (copy on file):                                                                                          
                                                                                                                                
     • Requires  any loans originated or  refinanced by CFAB                                                                    
     using  state  funds  be  secured  by  a  limited  entry                                                                    
     permit.                                                                                                                    
     • Repeals  the lower  interest rate for  the Commercial                                                                    
     Fishing Revolving  Loan Fund  on July 1,  2026, instead                                                                    
     of July 1, 2027.                                                                                                           
                                                                                                                                
9:36:32 AM                                                                                                                    
AT EASE                                                                                                                         
                                                                                                                                
9:36:43 AM                                                                                                                    
RECONVENED                                                                                                                      
                                                                                                                                
Co-Chair Hoffman WITHDREW his OBJECTION. There being NO                                                                         
OBJECTION, it was so ordered.                                                                                                   
                                                                                                                                
SB 156 was HEARD and HELD in committee for further                                                                              
consideration.