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Borough Assembly approves budget changes, mariculture resolution


The Petersburg Borough Assembly approved at its Nov. 2 meeting a resolution that urges the state of Alaska to amend the Mariculture Revolving Loan Fund to allow non-profit shellfish hatcheries to apply for loans with the state.

The state’s revolving loan fund provides long term loans for Alaska owned mariculture operations.

According to the resolution, the Petersburg Borough Assembly “believes that it is in the best interest of the State of Alaska and the mariculture industry that non-profit shellfish hatcheries be eligible to utilize the fund in an amount not to exceed $2 million of...

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