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AK HB314

Bill

Official Source

Status

Passed

5/24/2012

Primary Sponsor

Unknown

Origin

House of Representatives

27th Legislature

AI Summary

  • Amends AS 42.40.285 to increase the maximum land lease period for the Alaska Railroad Corporation from 55 years to 95 years without requiring legislative approval, provided the corporation reserves the right to terminate the lease if the land is needed for railroad purposes
  • Extends the permissible lease term by 40 years, allowing longer-term land leases while maintaining the corporation's ability to reclaim land for essential railroad operations
  • Takes effect immediately upon enactment under AS 01.10.070(c)

Legislative Description

Alaska Railroad Land Leases

Transportation

Last Action

EFFECTIVE DATE(S) OF LAW 5/24/12

5/24/2012

Committee Referrals

Community & Regional Affairs3/16/2012
Labor & Commerce2/6/2012

Full Bill Text

No bill text available