Sponsor Statement for CS for HB 230 (FIN)

Committee Substitute for House Bill 230 amends the population caps in the rural loan program within AHFC. There are communities that are approaching the cap or have exceeded the cap, most notably Bethel and Haines. Haines has exceeded the 1,400 cap while Bethel is rapidly approaching the current statutory population cap of 5,500. By amending the population caps, these two communities will be able to continue their participation in AHFC’s rural loan program.