AK HB65

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

Adds requirement that the replacement dock and terminal facility must accommodate Alaska Marine Highway System vessels with side loading doors

Bonds may be issued in single or multiple issuances with no limitation on number or timing

Bond repayment comes from dock revenue or other funds available to the Alaska Railroad Corporation; neither the Corporation's general credit nor state credit may be pledged for repayment

Takes effect immediately upon enactment