00                             HOUSE BILL NO. 168                                                                          
01 "An Act authorizing two exchanges of land between the Alaska Railroad Corporation                                       
02 and the Department of Transportation and Public Facilities; and providing for an                                        
03 effective date."                                                                                                        
04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
05    * Section 1. The uncodified law of the State of Alaska is amended by adding a new section                          
06 to read:                                                                                                                
07       APPROVAL OF THE TRANSFER OF REAL PROPERTY TO THE                                                                  
08 DEPARTMENT OF TRANSPORTATION AND PUBLIC FACILITIES. (a) Contingent                                                      
09 upon conveyance to the Alaska Railroad Corporation by the Department of Transportation                                  
10 and Public Facilities of its entire interest in real property onto which the railroad utility                           
11 corridor may be or has been relocated, the Alaska Railroad Corporation is authorized to                                 
12 convey the corporation's entire interest in approximately 6.3 acres, more or less, of railroad                          
13 utility corridor between railroad mileposts 158.8 and 159.6, within Sections 10 and 11,                                 
14 Township 17 North, Range 1 West, Seward Meridian, to the Department of Transportation                                   
01 and Public Facilities.                                                                                                  
02       (b)  The conveyance described in this section is made for the purpose of realignment                              
03 of the railroad to allow relocation of a portion of the Parks Highway in Wasilla by the                                 
04 Department of Transportation and Public Facilities to improve highway operations and                                    
05 enhance safety.                                                                                                         
06       (c)  The land conveyed by the Department of Transportation and Public Facilities to                               
07 the Alaska Railroad Corporation shall be held and managed by the corporation in accordance                              
08 with AS 42.40.                                                                                                          
09       (d)  This section constitutes legislative approval under AS 42.40.285(1) for the Alaska                           
10 Railroad Corporation to convey its entire interest in the land described in (a) of this section.                        
11    * Sec. 2. The uncodified law of the State of Alaska is amended by adding a new section to                          
12 read:                                                                                                                   
13       APPROVAL OF THE TRANSFER OF REAL PROPERTY TO THE                                                                  
14 DEPARTMENT OF TRANSPORTATION AND PUBLIC FACILITIES. (a) Contingent                                                      
15 upon conveyance to the Alaska Railroad Corporation by the Department of Transportation                                  
16 and Public Facilities of its entire interest in real property onto which the railroad utility                           
17 corridor may be or has been relocated, the Alaska Railroad Corporation is authorized to                                 
18 convey the corporation's entire interest in approximately 3.331 acres, more or less, of railroad                        
19 utility corridor between railroad mileposts H-9.3 and H-10, within Sections 23, 25, and 26,                             
20 Township 1 South, Range 2 West, Fairbanks Meridian, to the Department of Transportation                                 
21 and Public Facilities.                                                                                                  
22       (b)  The conveyance described in this section is made for the purpose of realignment                              
23 of the railroad to allow construction of a heavy aircraft apron and other improvements at the                           
24 Fairbanks International Airport by the Department of Transportation and Public Facilities to                            
25 improve airport operations and efficiency.                                                                              
26       (c)  The land conveyed by the Department of Transportation and Public Facilities to                               
27 the Alaska Railroad Corporation shall be held and managed by the corporation in accordance                              
28 with AS 42.40.                                                                                                          
29       (d)  This section constitutes legislative approval under AS 42.40.285(1) for the Alaska                           
30 Railroad Corporation to convey its entire interest in the land described in (a) of this section.                        
31    * Sec. 3. This Act takes effect immediately under AS 01.10.070(c).