AK HB67

Increases the maximum revenue bond authorization for the Alaska Railroad Corporation from $60 million to $135 million to finance replacement of 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 and will be repaid from dock revenue or other funds available to the Alaska Railroad Corporation

Neither the general credit of the Alaska Railroad Corporation nor the State of Alaska may be pledged for bond repayment

Takes effect immediately upon passage