Legislature(2019 - 2020)SENATE FINANCE 532

03/20/2019 09:00 AM FINANCE

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* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
Heard & Held
-- Public Testimony <Time Limit May Be Set> --
+ Bills Previously Heard/Scheduled: TELECONFERENCED
Moved SB 41 Out of Committee
                 SENATE FINANCE COMMITTEE                                                                                       
                      March 20, 2019                                                                                            
                         9:01 a.m.                                                                                              
9:01:38 AM                                                                                                                    
CALL TO ORDER                                                                                                                 
Co-Chair von Imhof called the Senate Finance Committee                                                                          
meeting to order at 9:01 a.m.                                                                                                   
MEMBERS PRESENT                                                                                                               
Senator Natasha von Imhof, Co-Chair                                                                                             
Senator Bert Stedman, Co-Chair                                                                                                  
Senator Click Bishop                                                                                                            
Senator Lyman Hoffman                                                                                                           
Senator Peter Micciche                                                                                                          
Senator Donny Olson                                                                                                             
Senator Mike Shower                                                                                                             
Senator Bill Wielechowski                                                                                                       
Senator David Wilson                                                                                                            
MEMBERS ABSENT                                                                                                                
ALSO PRESENT                                                                                                                  
Senator Cathy Giessel; Senator John Coghill, Sponsor;                                                                           
Rynnieva Moss, Staff, Senator John Coghill.                                                                                     
PRESENT VIA TELECONFERENCE                                                                                                    
Jon  Cook,  Chair,  Board   of  Directors,  Alaska  Railroad                                                                    
Corporation;  Jim Kubitz,  Vice  President  of Real  Estate,                                                                    
Alaska Railroad;  Peter Grunwaldt, Co-Owner,  Alaska Tourism                                                                    
Development, LLC.                                                                                                               
SB 41     NUMBER OF SUPERIOR COURT JUDGES                                                                                       
          SB 41 was REPORTED out of committee with a "do                                                                        
          pass" recommendation and with one previously                                                                          
         published fiscal impact note: FN 1(AJS).                                                                               
SB 54     ALASKA RAILROAD CORP. LAND TRANSFERS                                                                                  
          SB 54 was HEARD and HELD in committee for further                                                                     
Co-Chair  von Imhof  indicated Senator  Giessel and  Senator                                                                    
Coghill were  present in the  room. She reviewed  the agenda                                                                    
for the day.                                                                                                                    
SENATE BILL NO. 41                                                                                                            
     "An Act relating to the number of superior court                                                                           
     judges in the third judicial district; and providing                                                                       
     for an effective date."                                                                                                    
9:02:24 AM                                                                                                                    
Co-Chair von Imhof noted that  the bill was previously heard                                                                    
in committee on March 8, 2019.  In that meeting there was no                                                                    
public  testimony  and the  fiscal  note  was reviewed.  Her                                                                    
office  received  no amendments.  Ms.  Nancy  Mead with  the                                                                    
Alaska Court System was available for questions.                                                                                
Senator Hoffman MOVED to report  SB 41 out of Committee with                                                                    
individual  recommendations  and   the  accompanying  fiscal                                                                    
There being NO OBJECTION, it was so ordered.                                                                                    
SB  41  was REPORTED  out  of  committee  with a  "do  pass"                                                                    
recommendation  and  with  one previously  published  fiscal                                                                    
impact note: FN 1(AJS).                                                                                                         
SENATE BILL NO. 54                                                                                                            
     "An Act approving the transfer of certain Alaska                                                                           
     Railroad Corporation land; and providing for an                                                                            
     effective date."                                                                                                           
9:03:30 AM                                                                                                                    
Co-Chair von Imhof invited Senator  Coghill and his staff to                                                                    
the testifier table.                                                                                                            
SENATOR  JOHN COGHILL,  SPONSOR, thanked  the committee  for                                                                    
hearing his  bill. He  recounted that  the previous  year he                                                                    
had  worked on  legislation  to enable  the Alaska  Railroad                                                                    
Corporation  to  sell  and authorize  the  sale  of  certain                                                                    
pieces of  property. The  Healy area was  one area  that had                                                                    
been agreed  on. He relayed that  previously the legislature                                                                    
had  made the  railroad run  through a  gauntlet to  get the                                                                    
bill. In the process,  the property description was removed.                                                                    
He  deferred  to  his  staff,  Rynnieva  Moss,  for  further                                                                    
details on SB 54.                                                                                                               
RYNNIEVA  MOSS,  STAFF,  SENATOR JOHN  COGHILL,  provided  a                                                                    
brief  history of  how the  bill was  derived. She  recalled                                                                    
that in 2017  the senator had introduced  SB 86 [Legislation                                                                    
having  to do  with the  Alaska Railroad  Corporation, land,                                                                    
bonds,  and  finance].  She   explained  that  the  original                                                                    
version of the  bill repealed the statute  that required the                                                                    
railroad to obtain legislative approval  for land sales. The                                                                    
bill left  the Senate as  a 3-year pilot project  that would                                                                    
allow the  corporation to  sell property  and return  to the                                                                    
legislature  to  give reports  of  the  status of  the  land                                                                    
sales. She indicated the first  year's report could be found                                                                    
in members'  packets. She continued  that SB 86 died  a very                                                                    
slow death in the House Labor and Commerce Committee.                                                                           
Ms.  Moss continued  that the  House and  the Senate  agreed                                                                    
that  it was  important  to put  public  lands into  private                                                                    
ownership and to  encourage economic development. Therefore,                                                                    
they rolled SB  86 into HB 119 [Legislation  passed in 2018]                                                                    
which dealt with public  corporations. The legislature added                                                                    
5  specific  land  sales  that   the  railroad  had  already                                                                    
approved by resolution, and it  also added 2 land sales that                                                                    
were by  request of companies  that already had  land leases                                                                    
with  the  railroad.  One  of the  leases  was  with  Lynden                                                                    
Transport and the  other lease was for  a low-income housing                                                                    
project. Five  of the  sales were  currently in  the process                                                                    
and  the report  would  provide the  related  status of  the                                                                    
Ms. Moss  reported that  it was  not until the  last 2  or 3                                                                    
days of  session when SB  86 was  rolled into HB  119. There                                                                    
was an  error in  the land  description, which  she admitted                                                                    
was her  fault. She  was under  the impression  the railroad                                                                    
was  selling the  existing lease  it had.  The railroad  was                                                                    
selling the related  lease as well as the rest  of the block                                                                    
of  land. She  specified that  there was  a map  in members'                                                                    
packets that showed  "Parcel B" which was about  18 acres in                                                                    
the original land  sale, but it was not in  the bill. No one                                                                    
caught the error  at the time. Senate Bill  54 would correct                                                                    
the error.                                                                                                                      
Senator Wielechowski  asked where  Parcel B  was on  the map                                                                    
handout. Ms. Moss  stated that the parcel was  on the right-                                                                    
hand  side  of  the  map.  Senator  Wielechowski  asked  for                                                                    
additional clarity.  Ms. Moss responded that  the parcel was                                                                    
in  the  Healy  area  East of  the  Parks  Highway.  Senator                                                                    
Wielechowski requested a  better map. Ms. Moss  was happy to                                                                    
provide a better map.                                                                                                           
Senator  von Imhof  relayed that  Senator Bishop  had joined                                                                    
the meeting.                                                                                                                    
Senator Micciche  asked if someone from  the Alaska Railroad                                                                    
Corporation was  available to answer questions.  Senator von                                                                    
Imhof replied that  Mr. John Cook, a board  member of Alaska                                                                    
Railroad Corporation,  would be providing  invited testimony                                                                    
shortly. Senator Micciche indicated he could wait.                                                                              
Senator  Hoffman relayed  that in  the past  when the  state                                                                    
transferred property it did  not transfer subsurface rights.                                                                    
He  asked if  the state  had subsurface  rights and  whether                                                                    
they were  being transferred  in the  bill. Ms.  Moss stated                                                                    
that  the bill  was  only transferring  surface rights,  not                                                                    
subsurface rights.                                                                                                              
Co-Chair von  Imhof announced that the  committee would hear                                                                    
from Mr. John Cook who was online.                                                                                              
9:09:29 AM                                                                                                                    
JON  COOK,  CHAIR,  BOARD   OF  DIRECTORS,  ALASKA  RAILROAD                                                                    
CORPORATION, explained that SB 54  was needed to clean up an                                                                    
error  from the  prior year  regarding a  sale the  railroad                                                                    
wanted to  proceed with at  Otto Lake near Healy  that would                                                                    
be used  for a hotel  development. The railroad  remained in                                                                    
support of  the project and  wanted to complete the  sale to                                                                    
Premier Alaska Tours  in the current year.  The buyer wanted                                                                    
to begin  construction activities  in the present  year. The                                                                    
railroad welcomed the legislature's support of SB 54.                                                                           
Senator  Micciche  was  curious  about  the  status  of  the                                                                    
previous year's  land sales. He  referenced the  transfer of                                                                    
lands to  private ownership, particularly entities  that had                                                                    
spent  many years  and millions  of  dollars developing  the                                                                    
properties. He asked  for a status report  of the properties                                                                    
Ms. Moss had referred to earlier in the meeting.                                                                                
Mr.  Cook  reported  that  the   railroad  closed  the  vast                                                                    
majority of sales  that were approved in the  prior year. In                                                                    
the  previous year  the Alaska  Railroad Corporation  closed                                                                    
the  sale of  Tri-Valley Subdivision  to Usibelli  Coal Mine                                                                    
who would,  in turn, sell  it to the individual  owners. The                                                                    
railroad also closed  a portion of the  Premier Alaska Tours                                                                    
sale  at Otto  Lake. Additionally,  there was  a residential                                                                    
subdivision  that the  railroad owned  which had  sat vacant                                                                    
for over  20 years.  The railroad received  authorization to                                                                    
sell the  lots. He  reported that  out of  the 10  lots that                                                                    
were put  up for sale the  previous year, 9 of  the lots had                                                                    
sold. There was  only 1 lot left from the  original Phase I.                                                                    
The railroad  would be putting  another 14 lots up  for sale                                                                    
soon. The  10 lots  that sat  vacant for  over 20  years had                                                                    
over $1 million invested in utilities.                                                                                          
Mr. Cook continued that there  were 2 other parcels that had                                                                    
not  closed but  were anticipated  to close  in the  current                                                                    
year. The  first parcel was in  Eklutna and was a  land swap                                                                    
requiring  permission from  the state  to do  so. The  final                                                                    
parcel was  a sale of  port land to  the Port of  Alaska and                                                                    
the   Municipality  of   Anchorage.  The   final  sale   was                                                                    
anticipated to close  in the current year.  He asserted that                                                                    
all  of   the  transactions   that  were  approved   by  the                                                                    
legislature had  either closed  or would  be closing  by the                                                                    
end of  the year.  He noted  that in  the instance  of China                                                                    
Landings, a  multi-year phased project,  the railroad  had a                                                                    
very positive  sell-out. It was new  construction for single                                                                    
family homes  or multi-family homes  in the  Fairbanks area.                                                                    
The project was well-received,  and the railroad received at                                                                    
or above the asking price on all 9 lots sold in 2018.                                                                           
Senator Micciche  asked about the  sale to Lynden.  Mr. Cook                                                                    
responded  that  there was  land  that  the Municipality  of                                                                    
Anchorage  needed  for  the  Port  of  Alaska.  The  related                                                                    
transaction was  in process. The  Lynden and  Neighbor Works                                                                    
transactions were put in without an agreement to sell.                                                                          
9:14:25 AM                                                                                                                    
Co-Chair   Stedman  asked   about  potential   setbacks  for                                                                    
property being discussed.  He asked for an  update. Mr. Cook                                                                    
asked   what  type   of   setbacks   Co-Chair  Stedman   was                                                                    
referencing. Co-Chair Stedman explained  that when the state                                                                    
transferred   land  with   waterfront  they   typically  had                                                                    
building setbacks  for pedestrians  or access  easements. He                                                                    
used the example  of a 50 foot setback,  which would prevent                                                                    
a structure  being erected 50  feet from the waterline  of a                                                                    
lake. He provided an additional  example. He wondered if any                                                                    
setback issues were attached to the sales.                                                                                      
Mr.  Cook stated  that  with regard  to  the Chena  Landings                                                                    
Subdivision there  was a  waterway setback  of 25  feet from                                                                    
the  mean-high   water  mark  that  was   a  no-build  area.                                                                    
Additionally, the  railroad granted  a trail easement  to go                                                                    
through  the subdivision.  The city  and  the Department  of                                                                    
Transportation and Public  Facilities (DOT) would eventually                                                                    
build  a walking  and biking  trail. He  could not  speak to                                                                    
specific  setbacks on  Otto Lake.  He thought  other invited                                                                    
testifiers  could address  the  area. He  was  aware that  a                                                                    
replotting process had  to be done with  the Denali Borough.                                                                    
To the  extent that  there were actual  setbacks noted  on a                                                                    
plat or  in purchase and  sales agreements, he did  not know                                                                    
any specifics.  He indicated there were  other people online                                                                    
that could speak to specifics regarding Otto Lake.                                                                              
Co-Chair von Imhof listed others available online.                                                                              
Co-Chair Stedman had more questions  that he could ask after                                                                    
the other testifiers had a chance to speak.                                                                                     
9:18:00 AM                                                                                                                    
Senator  Wielechowski referenced  and  read  lines 12-14  on                                                                    
page 1 of the bill. He  asked if there had been an appraisal                                                                    
done and queried  about its findings. He asked  if there had                                                                    
been  a history  of  the land  being  leased previously.  He                                                                    
asked about  cash equivalents and  whether the  railroad had                                                                    
the ability  to accept  less than  a property's  fair market                                                                    
Mr. Cook explained that an  appraisal on the parcel had been                                                                    
obtained a  year previously.  He affirmed  that the  sale of                                                                    
the property  was for an  amount in excess of  the appraised                                                                    
value.  A  portion of  the  sale  amount  was paid  for  the                                                                    
fee-simple  land   and  the   remainder,  which   was  being                                                                    
discussed, was  a prepaid 95-year  lease. In the  event that                                                                    
the legislation was  not passed, the railroad  had a back-up                                                                    
plan. He confirmed  that the railroad had  the entire amount                                                                    
paid  upfront  at  the  time  of the  sale  closure  in  the                                                                    
previous  fall. The  sale  amount  was paid  in  cash and  a                                                                    
portion of  the amount remained  as a deposit for  a prepaid                                                                    
lease or the fee-simple  purchase. The railroad had obtained                                                                    
full funds in cash.                                                                                                             
Senator  Wielechowski  asked  for  the  appraisal  and  sale                                                                    
amounts.  Mr. Cook  estimated the  appraisal to  be $250,000                                                                    
and the sale amount to be  $400,000. There was a tenant that                                                                    
had a portion  of the property. Premier Alaska  Tours had to                                                                    
work  with  the  entity  to obtain  their  rights  prior  to                                                                    
closing with  the railroad.  A portion  of the  property had                                                                    
been leased to a tourism entity.                                                                                                
Co-Chair von Imhof had jotted  down some of the questions to                                                                    
bring up  with other testifiers.  She invited Mr.  Kubitz to                                                                    
address the questions regarding setbacks and sales prices.                                                                      
9:21:25 AM                                                                                                                    
JIM KUBITZ,  VICE PRESIDENT OF REAL  ESTATE, ALASKA RAILROAD                                                                    
(via teleconference), addressed  the question about setbacks                                                                    
in  the  Healy  area.  He  indicated that  it  was  a  local                                                                    
determination  depending  on  the borough  regulations.  The                                                                    
borough  would  have  a regulation  defining  the  land  use                                                                    
setbacks. The appraisal on the  property was $270,00 and the                                                                    
sale price was $400,000.                                                                                                        
Senator  Wielechowski   asked  about  the  tenants   on  the                                                                    
property and wondered  what terms the railroad  had with the                                                                    
tenants. He also asked if the  sale of Parcel B exceeded the                                                                    
lease with  the tenants. Mr. Kubitz  asked for clarification                                                                    
about  what piece  of  land the  senator  was referring  to.                                                                    
Senator Wielechowski was talking about  the piece of land in                                                                    
the bill currently before the committee.                                                                                        
Mr. Kubitz  reported that the  railroad had a tenant  on the                                                                    
property on  Otto Lake which  was part of the  property that                                                                    
was transferred  and sold already  to Premier  Alaska Tours.                                                                    
The  railroad had  a long-term  lease on  the property,  but                                                                    
Premier Alaska  Tours bought out  the business and  the sale                                                                    
was consummated. The  piece of property in  question was not                                                                    
under lease  previously. It was  naked land adjacent  to the                                                                    
development site.                                                                                                               
Co-Chair Stedman referenced setbacks  and realized Otto Lake                                                                    
was  a  lake body  rather  than  a  tidewater body.  He  was                                                                    
concerned  that the  railroad was  moving forward  with land                                                                    
sales and having a zero  waterfront setback. The legislature                                                                    
was  trying to  work  with the  Alaska  Railroad to  enhance                                                                    
their  real estate  portfolio  and  liquidate properties  as                                                                    
warranted.  He  spoke  of different  setbacks  on  different                                                                    
waterfront  properties  and   the  possibility  of  setbacks                                                                    
diminishing  values. He  wondered how  values of  properties                                                                    
were  enhanced   with  100  foot  setbacks.   He  wanted  to                                                                    
highlight  the discrepancy  in  setbacks between  properties                                                                    
owned  by the  Alaska  Railroad, the  Department of  Natural                                                                    
Resources, and the  University of Alaska. He  thought it was                                                                    
an important  issue to  consider. He  was in  agreement with                                                                    
how the  railroad was handling its  properties and setbacks.                                                                    
He  continued  to stress  that  setbacks  were hurting  land                                                                    
9:27:00 AM                                                                                                                    
Senator  Micciche  thought  the  question  of  setbacks  was                                                                    
interesting.  He  referenced  the  Kenai  Peninsula  Borough                                                                    
doing an anadromous  streams act that put a  50 foot setback                                                                    
on all  properties. If a property  owner wanted a dock  on a                                                                    
piece of tidewater property it  might be difficult to obtain                                                                    
permitting. It  might be that  the property owner  would not                                                                    
be able to  install a dock - the reason  for their purchase.                                                                    
He thought it was  difficult to purchase tidewater property.                                                                    
He agreed  with Co-Chair Stedman  and stated that  the issue                                                                    
affected his  district significantly.  He wondered  if there                                                                    
was a permitting  system under which a  property owner could                                                                    
utilize the setback area for  an installation even if it was                                                                    
not permanent.                                                                                                                  
Mr. Kubitz  stated that  decisions were  made by  borough or                                                                    
city land use entities. He knew  there was a 25 foot setback                                                                    
on the Chena  River. A local decision would have  to be made                                                                    
whether they could use the 25 foot setback.                                                                                     
Senator Bishop  added to  Co-Chair Stedman's  comments about                                                                    
DNR  land. He  wanted to  see the  land more  accessible for                                                                    
purchase  in order  to get  the highest  and best  value for                                                                    
land sales.                                                                                                                     
Co-Chair Stedman,  in response  to the Chena  River, relayed                                                                    
the  difference between  a building  setback  and an  access                                                                    
easement.  A building  setback did  not allow  for a  public                                                                    
access  easement.  He  mentioned  pedestrian,  utility,  and                                                                    
powerline  easements. He  stated  there was  no interest  to                                                                    
eliminate  public  access  to  the  waterfront,  rather  his                                                                    
concern  had to  do with  the amount  of setback.  He argued                                                                    
that  that  large  setbacks  of  50  to  100  feet  affected                                                                    
property values.                                                                                                                
Co-Chair von Imhof reminded members  about the bill in front                                                                    
of them that  added a small amount of land  to the bill that                                                                    
was passed in  the prior year in order to  complete the sale                                                                    
of a  property in  and around Healy.  She reported  that the                                                                    
buyer of the property was available to testify.                                                                                 
Senator Wielechowski referenced page  1, line 13 that stated                                                                    
the  Alaska   Railroad  Corporation  could  accept   a  cash                                                                    
equivalent. He wanted  to clarify that the  language did not                                                                    
give the railroad  the ability to accept less  than the cash                                                                    
equivalent of the fair market  value. Mr. Kubitz answered in                                                                    
the  affirmative, the  railroad  could  not accept  anything                                                                    
less than fair market value.                                                                                                    
Co-Chair  von  Imhoff  invited the  next  testifier  to  the                                                                    
9:32:18 AM                                                                                                                    
PETER GRUNWALDT,  CO-OWNER, ALASKA TOURISM  DEVELOPMENT, LLC                                                                    
(via  teleconference),  was  a  managing  member  of  Alaska                                                                    
Tourism Development  which was a real  estate and investment                                                                    
holding company, and Premier Alaska  Tours was its operating                                                                    
company. He relayed that the  bill in front of the committee                                                                    
was  simply correcting  a clerical  error from  the previous                                                                    
year  that  the  company  had   authorization  or  at  least                                                                    
approval from the Board of  Directors of the Alaska Railroad                                                                    
Mr. Grunwaldt  explained that the company  had moved forward                                                                    
with an  appraisal for  the purchase of  a 47-acre  piece of                                                                    
property on  Otto Lake just  North of Denali  National Park.                                                                    
The intention  of the company was  to build a hotel  for its                                                                    
summer  tourist  operations, a  boat  house,  a motor  coach                                                                    
maintenance  facility, and  some  employee  housing. The  17                                                                    
acres  specifically being  discussed currently  was included                                                                    
in the  appraisal and  was essentially  prepaid at  the time                                                                    
the company closed on the 26  acres. The land, Parcel B, was                                                                    
not contiguous  with the  lake and  had not  been previously                                                                    
leased by  the railroad.  It had  been a  buffer area  for a                                                                    
view  shed and  was set  to  be an  area for  a motor  coach                                                                    
maintenance  facility and  some employee  housing away  from                                                                    
the  development that  would be  visible to  the hotel.  The                                                                    
company was looking forward to  starting construction in the                                                                    
summer. However,  without the ability  to own  the property,                                                                    
it was more challenging to  obtain bank financing or develop                                                                    
partnerships. He appreciated the  committee's support of the                                                                    
Co-Chair  von Imhof  noted that  the governor  had discussed                                                                    
the   importance    of   unleashing    entrepreneurism   and                                                                    
diversifying   the  state's   revenue.   Tourism  had   been                                                                    
highlighted  as  a  bright  spot  in  Alaska's  economy  and                                                                    
continued  to  be  a significant  employer.  The  state  was                                                                    
forecasted to have  record visitors in Alaska  in the coming                                                                    
summer via ground  and water. She suggested  that having the                                                                    
featured    element   of    Denali    National   Park    was                                                                    
Senator  Bishop asked  how many  new  jobs the  construction                                                                    
would bring when the project  was at capacity. Mr. Grunwaldt                                                                    
stated that  Premier Alaska Tours  was an  operating company                                                                    
with  motor  coaches and  rail  cars.  The company's  summer                                                                    
tours operation  employed 650 people.  The company  tried as                                                                    
much  as possible  to hire  local Alaskans,  as it  was very                                                                    
proud  to  be a  locally  owned  and operated  company.  The                                                                    
company  delivered   Alaskan  service,  Alaskan   food,  and                                                                    
anything  else made  in Alaska.  The  operation the  company                                                                    
currently  ran  was experiencing  a  bottle  neck in  Denali                                                                    
National Park.  There were  not enough  rooms, and  in order                                                                    
for the  company to grow  its business and continue  to fill                                                                    
seats  on  its train  cars  and  busses, more  capacity  was                                                                    
needed in Denali National Park.                                                                                                 
Mr. Grunwaldt  continued that when  visitors came  to Alaska                                                                    
there  were two  places they  wanted to  visit: Glacier  Bay                                                                    
National  Park and  Denali National  Park.  The company  was                                                                    
concerned in the  long-term that if it did  not do something                                                                    
to provide  more accommodations in Denali  National Park, it                                                                    
would not  be able to  continue selling tours that  were 7-9                                                                    
night  tours  that also  included  visits  to several  other                                                                    
places in Alaska. He noted  the planned hotel would have 300                                                                    
rooms and  employ an additional  200 people that  would work                                                                    
in various areas including  housekeeping and management. The                                                                    
company  was also  considering a  maintenance facility  that                                                                    
would help  with winter  operations. Currently,  the company                                                                    
did not have an ability to  keep coaches warm in the winter.                                                                    
The  company was  bringing  in  several tourists,  including                                                                    
tourists  from China,  to view  the Northern  Lights in  the                                                                    
winter. The  company was considering  a winter  presence for                                                                    
the long-term.  On the  maintenance side,  it would  be very                                                                    
helpful to be able to warm-start and work on coaches.                                                                           
Senator   Bishop   thanked   Mr.  Grunwaldt   for   creating                                                                    
additional jobs for Alaska's economy.                                                                                           
9:37:15 AM                                                                                                                    
Co-Chair von Imhof OPENED public testimony.                                                                                     
9:37:31 AM                                                                                                                    
Co-Chair  von  Imhof  CLOSED  public  testimony.  She  asked                                                                    
whether  the will  of the  committee  was to  move the  bill                                                                    
9:37:48 AM                                                                                                                    
AT EASE                                                                                                                         
9:38:46 AM                                                                                                                    
Co-Chair  von  Imhof  asked Senator  Shower  to  review  the                                                                    
fiscal note.                                                                                                                    
Senator Shower  discussed Fiscal Note 1  from the Department                                                                    
of  Commerce, Community  and  Economic  Development with  an                                                                    
appropriation  of   the  Alaska  Railroad   Corporation,  an                                                                    
allocation of  Alaska Railroad, and an  OMB component number                                                                    
of zero.  He read from  the analysis  on the second  page of                                                                    
the fiscal note:                                                                                                                
     "The   Alaska   Railroad   Corporation  is   a   public                                                                    
     corporation   established  under   AS  42.40.010.   The                                                                    
     Corporation operates  independently and  is not  a part                                                                    
     of the Governor's FY2020 proposed operating budget."                                                                       
Co-Chair von  Imhof indicated  that in  lieu of  waiting for                                                                    
some  additional  information  to  come  back,  including  a                                                                    
larger map, she would set  the bill aside. She asked members                                                                    
to  let  her office  know  if  there  were any  concerns  or                                                                    
amendments regarding  the bill. She reviewed  the agenda for                                                                    
the following day.                                                                                                              
SB  54  was   HEARD  and  HELD  in   committee  for  further                                                                    
9:39:56 AM                                                                                                                    
The meeting was adjourned at 9:39 a.m.                                                                                          

Document Name Date/Time Subjects
SB 54 - ARR Resolution 2018-03 Otto Lake for SB 86.pdf SFIN 3/20/2019 9:00:00 AM
SB 54
SB 86
SB 54 - Sponsor Statement.pdf SFIN 3/20/2019 9:00:00 AM
SB 54
SB54 - Map of parcels A B by Otto Lake.pdf SFIN 3/20/2019 9:00:00 AM
SB 54
SB 54 - ARR Annual Property Management Report.pdf SFIN 3/20/2019 9:00:00 AM
SB 54
SB 54 - Language from HB 119 Land Transfer Authority from 2018 Session.pdf SFIN 3/20/2019 9:00:00 AM
SB 54