Alaska legislation · 34th Legislature
Alaska HB65: RAILROAD CORP. FINANCING
Status: Signed into law, March 6, 2025
An Act authorizing the Alaska Railroad Corporation to issue revenue bonds to finance the replacement of the Alaska Railroad Corporation's passenger dock and related terminal facility in Seward, Alaska; and providing for an effective date.
What the bill says
From the introduced text:
LAWS OF ALASKA Source Chapter No. HB 65 _______ Authorizing the Alaska Railroad Corporation to issue revenue bonds to finance the replacement of the Alaska Railroad Corporation's passenger dock and related terminal facility in Seward, Alaska; and providing for an effective date. _______________ THE ACT FOLLOWS ON PAGE Enrolled HB Authorizing the Alaska Railroad Corporation to issue revenue bonds to finance the replacement of the Alaska Railroad Corporation's passenger dock and related terminal facility in Seward, Alaska; and providing for an effective date. _______________ * Section 1. The uncodified law of the State of Alaska enacted in sec. 4(a), ch. 30, SLA 2022, is amended to read: (a) The Alaska Railroad Corporation is authorized to issue revenue bonds under AS 42.40.250 to finance the replacement of the Alaska Railroad Corporation's passenger dock and related terminal facility in Seward, Alaska, and associated costs, including, without limitation, reserves for debt service and capitalized interest, if necessary or appropriate, and costs of issuance. The replacement dock and terminal facility must accommodate Alaska marine highway system vessels with side loading doors. The maximum principal amount of bonds that the Alaska Railroad Corporation may issue under this section is $135,000,000 [$60,000,000]. The Alaska -1- Enrolled HB Railroad Corporation may issue the bonds in a single issuance or in several issuances, without limitation as to number …
Sponsors
- Louise Stutes (R, HD-032) · primary sponsor
- Frank Tomaszewski (R, HD-034)
- Mike Prax (R, HD-003)
- Alyse Galvin (I, HD-014)
- Dan Saddler (R, HD-024)
- Jeremy Bynum (R, HD-001)
- Bill Elam (R, HD-008)
- Kevin McCabe (R, HD-030)
- Mia Costello (R, HD-015)
- Calvin Schrage (NP, HD-012)
- David Nelson (R, HD-018)
- Andrew Josephson (D, HD-017)
Latest actions
- : (H) EFFECTIVE DATE(S) OF LAW 3/7/25
- : (H) SIGNED INTO LAW 3/6 CHAPTER 1 SLA 25
- : (H) 11:58 A.M. 2/28/25 TRANSMITTED TO GOVERNOR
- : (S) VERSION: HB 65
- : (S) RETURN TO (H), TRANSMIT TO GOVERNOR NEXT
- : (S) CROSS SPONSOR(S): KAUFMAN, CLAMAN, STEDMAN, YUNDT
- : (S) EFFECTIVE DATE(S) SAME AS PASSAGE
- : (S) PASSED Y18 N- E2
- : (S) READ THE THIRD TIME HB 65
- : (S) Minutes (SFIN)
Votes
- PASSED (February 26, 2025): 18 yea, 0 nay, passed
- PASSED (February 17, 2025): 36 yea, 0 nay, passed
Subjects: BONDS & BONDING, PUBLIC CORPORATIONS, DEBT, CAPITAL PROJECTS, FUNDS, LOANS, RAILROAD
Common questions
- What is HB65?
- HB65 is a bill in the Alaska Legislature (34th Legislature): RAILROAD CORP. FINANCING.
- What does HB65 do?
- An Act authorizing the Alaska Railroad Corporation to issue revenue bonds to finance the replacement of the Alaska Railroad Corporation's passenger dock and related terminal facility in Seward, Alaska; and providing for an effective date.
- What is the status of HB65?
- Signed into law as of March 6, 2025. Latest action: (H) EFFECTIVE DATE(S) OF LAW 3/7/25 (March 10, 2025).
- Who sponsored HB65?
- Louise Stutes (R, HD-032), with 11 co-sponsors.
- Where is the official record for HB65?
- On the Alaska Legislature website: https://www.akleg.gov/basis/Bill/Detail/34?Root=HB 65
Source: official Alaska record. Tracked by Delilah, AI for legislation across all 50 states and Congress.