AK SB72

Increases the maximum revenue bond authorization for Alaska Railroad Corporation from $60,000,000 to $135,000,000 to finance replacement of the passenger dock and terminal facility in Seward

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 available Alaska Railroad Corporation funds

General credit of the Alaska Railroad Corporation and the state may not be pledged for bond repayment

Takes effect immediately upon enactment