AK HB127

Subjects the Alaska Railroad Corporation to the Executive Budget Act (AS 37.07) and requires its expenditures to be subject to legislative appropriation.

Adds the Alaska Railroad Corporation to the definition of "agency" in state budget law, making it subject to the same budget procedures as other state agencies.

Changes the Alaska Railroad Corporation's authority to "request" appropriations from the legislature in accordance with AS 37.07, removing previous language allowing it to seek gubernatorial concurrence or direct appropriations.

Removes the Alaska Railroad Corporation from an exemption in AS 40.25.115(i) regarding separate accounting of agency fees, requiring it to follow standard fee accounting procedures like other public agencies.

Requires the Alaska Railroad Corporation to prepare its first agency program and financial plan under AS 37.07 for submission to the governor at the next regular legislative session following the Act's effective date.