AK House Majority
The 26th Alaska State Legislature, 2009 - 2010  
Sponsor Statement: House Bill 20

Fisheries Loans: Energy Efficiency/Amount

Ak Legislative MajorityAk Legislative Majority
Ak Majority Organization
Ak Majority Organization

Relating to commercial fishing loans for improving fuel efficiency and increasing the maximum amount for certain loans under the Commercial Fishing Loan Act; and providing for an effective date.

Posted: February 13, 2009 : vCSHB 20
Bill Version: SCS CSHB 20(FIN)
Status: Chapter 120 SLA 10 : 2010-08-19

HB 20 provides technical fixes to the Commercial Fishing Loan Act in order to make low-interest loans for energy efficiency upgrades available to a larger number of Alaska's commercial fishers.

Volatility in fuel costs continues to have a worrisome impact on our commercial fishing fleets, cutting into profits and threatening productivity.

In recent years, great advances have been made in diesel and outboard engine technologies. Fuel efficiency and performance have vastly improved.

There have also been substantial developments in alternatives to traditional diesel and gasoline generator sets, and modifications to vessel hullsósuch as bulbous noses and fin stabilizersócan also significantly boost energy efficiency.

Commercial fishers across the state are eager to take advantage of these and other new technologies that significantly lower operating costs.

Passage of HB 20 will provide many Alaskan fishers the opportunity to make these improvements sooner. At the same time, it will foster innovation and stimulate the entrepreneurial spirit in one of Alaska's most important industries.

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2009-04-10 : [AUDIO] Rep. Edgmon Explains How His HB 20 Will Assist Alaskan Fishermen
 Download Audio  [MP3:201KB]

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