AK SB105

Increases the maximum principal amount of revenue bonds the Alaska Railroad Corporation may issue for the Seward passenger dock and terminal facility replacement from $60,000,000 to $135,000,000.

Authorizes bonds to finance associated costs including reserves for debt service, capitalized interest, and costs of issuance.

Permits the Alaska Railroad Corporation to issue bonds in one or multiple issuances at its discretion to best serve the financing purpose.

Requires bond repayment from dock revenue or other available funds of the Alaska Railroad Corporation, with no pledge of the corporation's or state's general credit.

Takes effect immediately upon enactment.