AK SB166

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

Adds Alaska Railroad Corporation to the definition of "agency" in state law, bringing it under standard state budget and financial management requirements.

Requires the Alaska Railroad Corporation to request appropriations from the legislature in accordance with AS 37.07, rather than seeking governor concurrence or direct appropriations.

Removes the Alaska Railroad Corporation from exemptions in AS 40.25.115(i) regarding fee accounting, requiring it to account for fees separately like other public agencies.

Effective immediately upon enactment, with the Alaska Railroad Corporation required to submit its first agency program and financial plan under AS 37.07 at the next regular legislative session.