HB 303: "An Act establishing the Alaska energy efficient small business grant fund and program."
00 HOUSE BILL NO. 303 01 "An Act establishing the Alaska energy efficient small business grant fund and 02 program." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. AS 18.56.010 is amended by adding a new subsection to read: 05 (h) The legislature finds that enabling the Alaska Housing Finance 06 Corporation to expand the concept of the Alaska energy efficient home grant fund to 07 assist the owners of small businesses will help to improve energy efficiency 08 throughout the state and provide energy savings for small business owners. 09 * Sec. 2. AS 18.56 is amended by adding a new section to read: 10 Article 2A. Alaska Energy Efficient Small Business Grant Fund. 11 Sec. 18.56.610. Alaska energy efficient small business grant fund. (a) The 12 Alaska energy efficient small business grant fund is established in the corporation. The 13 fund consists of money appropriated to it by the legislature and deposited in it by the 14 corporation. The corporation shall administer the Alaska energy efficient small
01 business grant fund under the provisions of this section. 02 (b) Subject to appropriation, the corporation may make a grant from the 03 Alaska energy efficient small business grant fund to the owner of a qualifying business 04 to retrofit an existing business structure or build a new business structure 05 (1) if the assessed value of the structure to be retrofitted or constructed 06 with the proceeds of the grant does not exceed $1,000,000; and 07 (2) if the structure to be retrofitted or constructed with the proceeds of 08 the grant 09 (A) is owned by a person who is licensed to do business in the 10 state or by persons all of whom are licensed to do business in the state, and 11 none of the applicants for the grant has outstanding liabilities to the state at the 12 time of making application for the grant under this section; and 13 (B) meets other criteria that are adopted by the corporation. 14 (c) The corporation shall adopt guidelines and procedures setting out the 15 criteria for administration of the Alaska energy efficient small business grant fund. 16 Unless the corporation determines that circumstances relating to the award of a grant 17 under this section require adoption of a different standard, the guidelines and 18 procedures adopted by the corporation for use under this section shall be those in 19 effect as the guidelines and procedures adopted and maintained by the corporation to 20 implement the Alaska energy efficient home grant fund under AS 18.56.410.