Bill > SB191

This bill authorizes the Alaska Railroad Corporation (ARRC) to transfer approximately 84.8 acres of railroad-owned land to the City of Whittier, divided into five specific land areas within the city limits. The land transfer must occur at fair market value and is subject to existing property rights. The bill recognizes that the current land parcels are not discrete and allows for potential legal description modifications during the surveying and platting process, as long as the ARRC board of directors approves the changes. The corporation can accept cash equivalent to the land's fair market value as compensation for the transfer. The legislation provides specific legislative approval required under Alaska Statute 42.40.285(1) for the ARRC to convey its entire interest in the described land. The bill aims to facilitate the transfer of railroad-owned surface estate to the City of Whittier, with the land transfer taking effect immediately upon passage.

Transportation and Infrastructure

https://www.akleg.gov/basis/Bill/Detail/34?Root=SB191