HB 127 Summary

• Authorizes the Alaska Railroad Corporation to issue up to $60,000,000 in revenue bonds to finance replacement of its passenger dock and related terminal facility in Seward, Alaska, along with associated costs including debt service reserves and issuance costs.

• Bonds shall be repaid from dock revenue or other funds available to the Alaska Railroad Corporation, with the general credit of the corporation and the state not pledged as security.

• Increases the maximum principal amount for Alaska Municipal Bond Bank Authority loans to regional health organizations from $102,500,000 to $250,000,000 per single project.

• Increases the maximum principal amount for Alaska Municipal Bond Bank Authority loans to the University of Alaska from $87,500,000 to $500,000,000 at any one time.

• Amends Alaska Statutes Chapter 44.85 to clarify regulatory limitations and remove the requirement that the bond bank authority finance no more than 49 percent of regional health organization projects.