News from the Alaska State Legislature, the Office of Senator Coghill
For Immediate Release: April 09, 2018
Senate Streamlines Alaska Railroad Land Sales
JUNEAU – The Alaska Senate today passed a bill to streamline the process for the Alaska Railroad Corporation to sell or lease surplus land.
“This bill allows the Alaska Railroad to sell land they’re not using, which could mean more land available for private ownership and development, and a larger tax base for local communities,” said Sen. John Coghill (R-North Pole), the bill’s sponsor.
SB 86 repeals the requirement for legislative approval prior to an Alaska Railroad land sale or lease.
In addition, the measure helps the railroad fulfill its legal mandate to be self-sufficient by giving it the tools it needs to monetize surplus land assets and generate additional cash.
“SB 86 places the Alaska Railroad on a level playing field with other departments in Alaska,” added Sen. Coghill.
The Department of Transportation and Public Facilities, the Department of Natural Resources, the Alaska Mental Health Trust Authority, and the University of Alaska all maintain the land management abilities granted to the Alaska Railroad under SB 86.
SB 86 passed the Senate by a vote of 17 to 3 and is now on its way to the Alaska House of Representatives for consideration.
For more information, contact Senate Majority Press Secretary Daniel McDonald at (907) 465-4066.
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