Alaska SB72 authorizes the Alaska Railroad Corporation to issue bonds for replacing a passenger dock and terminal facility in Seward.

The Alaska SB72 bill amends existing law to allow the Alaska Railroad Corporation to issue revenue bonds up to $135,000,000 for replacing the passenger dock and terminal facility in Seward, Alaska. The bonds will cover associated costs, including reserves for repayment. The new dock must accommodate Alaska marine highway system vessels with side loading doors. The bonds can be issued in one or multiple issuances, with repayment sourced from dock revenue or other available funds. The state's general credit is not pledged.

Alaska SB72 authorizes the Alaska Railroad Corporation to issue bonds for replacing a passenger dock and terminal facility in Seward.

The Alaska SB72 bill amends existing law to allow the Alaska Railroad Corporation to issue revenue bonds up to $135,000,000 for replacing the passenger dock and terminal facility in Seward, Alaska. The bonds will cover associated costs, including reserves for repayment. The new dock must accommodate Alaska marine highway system vessels with side loading doors. The bonds can be issued in one or multiple issuances, with repayment sourced from dock revenue or other available funds. The state's general credit is not pledged.