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HB355 • 2026

AG LOANS/AG COOPERATIVES

An Act relating to agricultural loans; relating to agricultural cooperatives; relating to workers' compensation; and providing for an effective date.

Agriculture Healthcare Labor
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
REPRESENTATIVE VANCE
Last action
2026-02-23
Official status
(H) CRA
Effective date
Not listed

Plain English Breakdown

The bill summary and digest do not provide specific details about how much money will be available for loans or what changes will be made to existing regulations or fees.

Agricultural Loans and Cooperatives Act

This act changes rules for agricultural loans to include more types of farmers and cooperatives and excludes members of agricultural cooperatives from workers' compensation coverage.

What This Bill Does

  • Expands the types of people who can get agricultural loans from the Board of Agriculture and Conservation, including partnerships, cooperatives, and corporations.
  • Allows the Board to make loans for new purposes like clearing land, developing farms, and processing farm products.
  • Adds rules about how the Board can work with private lenders and other agencies to help farmers.
  • Excludes members of agricultural cooperatives from workers' compensation coverage.

Who It Names or Affects

  • Farmers, homesteaders, partnerships, cooperatives, and corporations in Alaska.
  • People who work for agricultural cooperatives.
  • The Board of Agriculture and Conservation and private lending institutions.

Terms To Know

Agricultural cooperative
An organization that helps farmers market their products or buy supplies together.
Workers' compensation
Insurance that pays for medical care and lost wages if a worker gets hurt on the job.

Limits and Unknowns

  • The bill does not specify how much money will be available for loans.
  • It is unclear what specific changes this act will make to existing regulations or fees.

Bill History

  1. 2026-02-23 1690

    (H) REFERRED TO COMMUNITY & REGIONAL AFFAIRS

  2. 2026-02-23 1690

    (H) CRA, L&C

  3. 2026-02-23 1690

    (H) READ THE FIRST TIME - REFERRALS

Official Summary Text

AG LOANS/AG COOPERATIVES
An Act relating to agricultural loans; relating to agricultural cooperatives; relating to workers' compensation; and providing for an effective date.

Current Bill Text

Read the full stored bill text
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HOUSE BILL NO. 355

IN THE LEGISLATURE OF THE STATE OF ALASKA

THIRTY-FOURTH LEGISLATURE - SECOND SESSION

BY REPRESENTATIVE VANCE

Introduced: 2/23/26
Referred: Community and Regional Affairs, Labor and Commerce

A BILL

FOR AN ACT ENTITLED

"An Act relating to agricultural loans; relating to agricultural cooperatives; relating to 1
workers' compensation; and providing for an effective date." 2
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 3
* Section 1. AS 03.10.020(a) is amended to read: 4
(a) The Board of Agriculture and Conservation (AS 03.09.010) may 5
(1) make a loan to 6
(A) an individual resident farmer, homesteader, or a 7
partnership, cooperative, or corporation composed of farmers and 8
homesteaders for 9
(i) clearing land for agricultural purposes; 10
(ii) development of farms; 11
(iii) storage and processing of farm produce; 12
(iv) the purchase of livestock or machinery; 13
(v) in-state manufacturing of food or production of 14
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animal feed; or 1
(vi) the cost of shipping to and within the state for the 2
purposes listed in (i) - (v) of this subparagraph; 3
(B) an individual state resident, or a partnership, cooperative, 4
or corporation for 5
(i) storage and processing plants for agricultural 6
products; 7
(ii) the commercial production or processing of 8
horticultural products in the state; 9
(iii) the commercial production or processing of animal 10
feed in the state; 11
(iv) the raising or care of animals in the state for the 12
purpose of marketing their fur; 13
(v) in-state manufacturing of food or production of 14
animal feed; or 15
(vi) the cost of shipping to and within the state for the 16
purposes listed in (i) - (v) of this subparagraph; 17
(2) designate agents and delegate its powers to them as necessary; 18
(3) adopt regulations necessary to carry out its functions, including 19
regulations to establish reasonable fees for services provided and charges for 20
collecting the fees; 21
(4) establish amortization plans for repayment of loans, which may 22
include delayed payments of principal and interest for not to exceed five years; 23
(5) enter into agreements with private lending institutions, other state 24
agencies, or agencies of the federal government to carry out the purposes of this 25
chapter; 26
(6) collect the fees and collection charges established under this 27
subsection; 28
(7) refinance a debt obligation incurred by a borrower under this 29
section or through another lender for a purpose authorized under (1) of this subsection 30
if the borrower otherwise qualifies for a loan under this chapter. 31
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* Sec. 2. AS 23.30.230(a) is amended to read: 1
(a) The following persons are not covered by this chapter: 2
(1) a part-time babysitter; 3
(2) a cleaning person; 4
(3) harvest help and similar part-time or transient help; 5
(4) a person employed as a sports official on a contractual basis and 6
who officiates only at sports events in which the players are not compensated; in this 7
paragraph, "sports official" includes an umpire, referee, judge, scorekeeper, 8
timekeeper, organizer, or other person who is a neutral participant in a sports event; 9
(5) a person employed as an entertainer on a contractual basis; 10
(6) a commercial fisherman, as defined in AS 16.05.940; 11
(7) an individual who drives a taxicab and whose compensation and 12
written contractual arrangement is as described in AS 23.10.055(a)(13), unless the 13
hours worked by the individual or the areas in which the individual may work are 14
restricted except to comply with local ordinances; 15
(8) a participant in the Alaska temporary assistance program 16
(AS 47.27) who is engaged in work activities required under AS 47.27.035 other than 17
subsidized or unsubsidized work or on-the-job training; 18
(9) a person employed as a player or coach by a professional hockey 19
team if the person is covered under a health care insurance plan provided by the 20
professional hockey team, the coverage is applicable to both work-related and 21
nonwork-related injuries, and the coverage provides medical and related benefits as 22
required under this chapter, except that coverage may not be limited to two years from 23
the date of injury as described under AS 23.30.095(a); in this paragraph, "health care 24
insurance" has the meaning given in AS 21.12.050; 25
(10) a person working as a qualified real estate licensee who performs 26
services under a written contract that provides that the person will not be treated as an 27
employee for federal income tax or workers' compensation purposes; in this 28
paragraph, "qualified real estate licensee" means a person who is required to be 29
licensed under AS 08.88.161 and whose payment for services is directly related to 30
sales or other output rather than the number of hours worked; 31
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(11) a transportation network company driver who provides a 1
prearranged ride or is otherwise logged onto the digital network of a transportation 2
network company as a driver; [AND] 3
(12) a person employed as an independent contractor; a person is an 4
independent contractor for the purposes of this section only if the person 5
(A) has an express contract to perform the services; 6
(B) is free from direction and control over the means and 7
manner of providing services, subject only to the right of the individual for 8
whom, or entity for which, the services are provided to specify the desired 9
results, completion schedule, or range of work hours, or to monitor the work 10
for compliance with contract plans and specifications, or federal, state, or 11
municipal law; 12
(C) incurs most of the expenses for tools, labor, and other 13
operational costs necessary to perform the services, except that materials and 14
equipment may be supplied; 15
(D) has an opportunity for profit and loss as a result of the 16
services performed for the other individual or entity; 17
(E) is free to hire and fire employees to help perform the 18
services for the contracted work; 19
(F) has all business, trade, or professional licenses required by 20
federal, state, or municipal authorities for a business or individual engaging in 21
the same type of services as the person; 22
(G) follows federal Internal Revenue Service requirements by 23
(i) obtaining an employer identification number, if 24
required; 25
(ii) filing business or self-employment tax returns for 26
the previous tax year to report profit or income earned for the same 27
type of services provided under the contract; or 28
(iii) intending to file business or self-employment tax 29
returns for the current tax year to report profit or income earned for the 30
same type of services provided under the contract if the person's 31
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business was not operating in the previous tax year; and 1
(H) meets at least two of the following criteria: 2
(i) the person is responsible for the satisfactory 3
completion of services that the person has contracted to perform and is 4
subject to liability for a failure to complete the contracted work, or 5
maintains liability insurance or other insurance policies necessary to 6
protect the employees, financial interests, and customers of the person's 7
business; 8
(ii) the person maintains a business location or a 9
business mailing address separate from the location of the individual 10
for whom, or the entity for which, the services are performed; 11
(iii) the person provides contracted services for two or 12
more different customers within a 12-month period or engages in any 13
kind of business advertising, solicitation, or other marketing efforts 14
reasonably calculated to obtain new contracts to provide similar 15
services; and 16
(13) a person who is a member of an agricultural cooperative; in 17
this paragraph, "agricultural cooperative" means a cooperative that is organized 18
and operated for the purpose of 19
(A) marketing agricultural products of members of the 20
cooperative or of other producers of agricultural products, and providing 21
a member with the proceeds of product sales, less the necessary marketing 22
expenses, based on either the quantity or the value of the products 23
furnished by the member; or 24
(B) purchasing agricultural supplies and equipment for the 25
use of members or other persons, and providing the supplies and 26
equipment to the members at actual cost, plus necessary expenses. 27
* Sec. 3. This Act takes effect July 1, 2026. 28