AK HB366

Authorizes the Alaska Railroad Corporation to issue revenue bonds under AS 42.40.250 to finance replacement of the passenger dock and related terminal facility in Seward, Alaska.

Sets maximum principal bond amount at $60,000,000, with flexibility for single or multiple issuances without limitation on timing or number.

Permits inclusion of associated costs including debt service reserves, capitalized interest, and issuance costs in the bond financing.

Requires bonds to be repaid from dock revenue or other Alaska Railroad Corporation funds, with no pledge of the general credit of the corporation or state.

Takes effect immediately upon enactment.