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 67 authorizes the Alaska Railroad Corporation (ARC) to issue up to $135 million in revenue bonds to replace the passenger dock and terminal facility in Seward, Alaska. The new facility must accommodate vessels from the Alaska Marine Highway System with side-loading doors. Bonds would be repaid solely from dock revenues or ARC funds, with no state credit or taxpayer backing required. This bill directly affects ARC operations and Seward's passenger transportation infrastructure.