An Act authorizing the Alaska Railroad Corporation to issue revenue bonds to finance the replacement of the Alaska Railroad Corporation's passenger dock and related terminal facility in Seward, Alaska; and providing for an effective date.

HB 65 authorizes the Alaska Railroad Corporation to issue up to $135 million in revenue bonds to replace the passenger dock and terminal facility in Seward, Alaska. The project must accommodate marine highway vessels with side-loading doors, and bonds will be repaid solely from dock revenue, not state funds. This bill directly affects the Alaska Railroad Corporation and the Seward facility, enabling infrastructure upgrades without using general state credit. The bill was signed into law on March 6, 2025, and took effect March 7, 2025.