Alaska § 42.45.270 - Bulk fuel bridge account; loans.
Full text of Alaska Alaska Statutes § 42.45.270 — Bulk fuel bridge account; loans., with citation guidance and answers to common questions.
§ 42.45.270. Bulk fuel bridge account; loans.
(a) The bulk fuel bridge loan account is established as a separate account within the fund. Subject to availability of funds in the account, the division may make bulk fuel bridge loans from the bulk fuel bridge loan account as provided in AS 42.45.250 — 42.45.299.
(b) A community or person is eligible for a bulk fuel bridge loan only if the community or person (1) meets the requirements of AS 42.45.250 (a); and
(2) has been denied an application for a bulk fuel loan under AS 42.45.260 .
(c) Loans made from the bulk fuel bridge loan account to one borrower in a fiscal year (1) may not exceed $1,500,000;
(2) shall be repaid within one year after the date of the loan disbursement; and
(3) may include additional terms and conditions required by the division.
(d) The division shall implement a technical assistance and counseling plan for borrowers who have received a bulk fuel bridge loan to help those borrowers improve creditworthiness or other financial criteria likely to be considered by the division if the borrower applies for another bulk fuel loan in the future. The division may contract with a state agency or outside contractor to administer or implement the technical assistance and counseling plan.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 42.45.270
What does Alaska Statutes § 42.45.270 cover?
Section 42.45.270 ("Bulk fuel bridge account; loans.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 42.45.270?
A common citation format is "Alaska Statutes § 42.45.270" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 42.45.270 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.