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| 2 | 2 | | HB0067a -1- HB 67 |
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| 3 | 3 | | New Text Underlined [DELETED TEXT BRACKETED] |
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| 4 | 4 | | |
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| 5 | 5 | | 34-GH1572\A |
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| 11 | 11 | | HOUSE BILL NO. 67 |
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| 13 | 13 | | IN THE LEGISLATURE OF THE STATE OF ALASKA |
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| 14 | 14 | | |
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| 15 | 15 | | THIRTY-FOURTH LEGISLATURE - FIRST SESSION |
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| 16 | 16 | | |
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| 17 | 17 | | BY THE HOUSE RULES COMMITTEE BY REQUEST OF THE GOVERNOR |
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| 18 | 18 | | |
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| 19 | 19 | | Introduced: 1/24/25 |
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| 20 | 20 | | Referred: Finance |
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| 22 | 22 | | |
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| 23 | 23 | | A BILL |
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| 24 | 24 | | |
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| 25 | 25 | | FOR AN ACT ENTITLED |
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| 26 | 26 | | |
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| 27 | 27 | | "An Act authorizing the Alaska Railroad Corporation to issue revenue bonds to finance 1 |
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| 28 | 28 | | the replacement of the Alaska Railroad Corporation's passenger dock and related 2 |
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| 29 | 29 | | terminal facility in Seward, Alaska; and providing for an effective date." 3 |
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| 30 | 30 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 4 |
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| 31 | 31 | | * Section 1. The uncodified law of the State of Alaska enacted in sec. 4(a), ch. 30, SLA 5 |
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| 32 | 32 | | 2022, is amended to read: 6 |
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| 33 | 33 | | (a) The Alaska Railroad Corporation is authorized to issue revenue bonds 7 |
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| 34 | 34 | | under AS 42.40.250 to finance the replacement of the Alaska Railroad Corporation's 8 |
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| 35 | 35 | | passenger dock and related terminal facility in Seward, Alaska, and associated costs, 9 |
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| 36 | 36 | | including, without limitation, reserves for debt service and capitalized interest, if 10 |
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| 37 | 37 | | necessary or appropriate, and costs of issuance. The replacement dock and terminal |
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| 38 | 38 | | 11 |
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| 39 | 39 | | facility must accommodate Alaska marine highway system vessels with side 12 |
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| 40 | 40 | | loading doors. The maximum principal amount of bonds that the Alaska Railroad 13 |
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| 41 | 41 | | Corporation may issue under this section is $135,000,000 [$60,000,000]. The Alaska 14 34-GH1572\A |
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| 42 | 42 | | HB 67 -2- HB0067a |
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| 43 | 43 | | New Text Underlined [DELETED TEXT BRACKETED] |
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| 45 | 45 | | Railroad Corporation may issue the bonds in a single issuance or in several issuances, 1 |
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| 46 | 46 | | without limitation as to number of issuances or timing, and as the Alaska Railroad 2 |
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| 47 | 47 | | Corporation determines best furthers the purpose of financing the replacement of the 3 |
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| 48 | 48 | | Alaska Railroad Corporation's passenger dock and related terminal facility in Seward, 4 |
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| 49 | 49 | | Alaska, and associated costs. The bonds shall be repaid from dock revenue or other 5 |
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| 50 | 50 | | funds available to the Alaska Railroad Corporation. The general credit of the Alaska 6 |
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| 51 | 51 | | Railroad Corporation and the state may not be pledged for the repayment of the bonds. 7 |
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| 52 | 52 | | * Sec. 2. This Act takes effect immediately under AS 01.10.070(c). 8 |
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