22nd Alaska State Legislature
News from
Senator Alan Austerman

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State Capitol, Room 417
Juneau, AK 99801-1182
Phone: (907) 465-2487
Toll Free: (800) 865-2487
Fax: (907) 465-4956

112 Mill Bay Road
Kodiak, AK 99615
Phone: (907) 486-8872
Fax: (907) 486-5264 (at LIO)

Austerman Responds to Economic Disaster in Western Alaska
Help Available to Local Fishermen

For Immediate Release: August 30, 2001
Contact: Senator Alan Austerman at (907) 486-8872

(KODIAK) -- Senator Alan Austerman (R-Kodiak/Southeast Islands) will work with local fishermen facing economic problems because of unprecedented low salmon prices, and, in places, chronic low returns of salmon.

Governor Knowles recently issued an economic disaster declaration for the western Alaska commercial salmon fishery. "The ripple effects are felt throughout the entire state as many fishermen are facing huge bills with a reduced payday," Austerman said.

In an attempt to help fisherman with one of their larger debts-commercial fishing loans with the State of Alaska-Senator Austerman has received packets he requested from the Division of Investments. The Commercial Fishing Extension Applications will enable fishermen to defer or restructure their existing loans. If interest rates have gone down since a person originally got their loan, refinancing is possible on a case-by-case basis according to the Division of Investments.

The packets can be obtained at the Kodiak Legislative Information Office (LIO). "Any additional help that I or my staff can provide in order to acquire more information and help for fishermen is a priority for both my office and Representative Gary Stevens," Austerman indicated.

The LIO is located at 112 Mill Bay Road and is open from 8:30 a.m. until 4:30 p.m. Monday through Friday. Both Senator Austerman and Representative Stevens have offices within the LIO.

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