Alaska HB120 outlines the sale of the Alaska Railroad and mandates a resource development agreement with the buyer.

Alaska HB120 details the sale of the Alaska Railroad, requiring the governor to issue a request for proposals by June 15, 2026. The sale agreement must be approved by the legislature and includes a resource development agreement outlining the buyer's commitment to railroad expansion and resource development. The buyer must continue railroad operations and accept assignments of existing contracts. The sale is contingent on the execution of the resource development agreement and is not subject to the State Procurement Code or the Alaska Railroad Corporation Act.

Alaska HB120 outlines the sale of the Alaska Railroad and mandates a resource development agreement with the buyer.

Alaska HB120 details the sale of the Alaska Railroad, requiring the governor to issue a request for proposals by June 15, 2026. The sale agreement must be approved by the legislature and includes a resource development agreement outlining the buyer's commitment to railroad expansion and resource development. The buyer must continue railroad operations and accept assignments of existing contracts. The sale is contingent on the execution of the resource development agreement and is not subject to the State Procurement Code or the Alaska Railroad Corporation Act.