00HOUSE BILL NO. 23                                                                                                       
01 "An Act mandating the sale of the Alaska Railroad; and providing for an                                                 
02 effective date."                                                                                                        
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1.  SALE OF THE ALASKA RAILROAD.  (a)  The governor shall issue by                                         
05 July 1, 1994, a request for proposals to purchase, after January 6, 1995, the Alaska Railroad                           
06 and all other assets of the Alaska Railroad Corporation.  The governor shall evaluate each                              
07 proposal to purchase the Alaska Railroad as to whether the offeror will continue to operate                             
08 the railroad after the sale and whether the proposal assures that the state will receive the                            
09 amount of money it has spent in connection with the railroad.                                                           
10  (b)  By January 6, 1996, the governor shall enter into an agreement to sell the Alaska                                 
11 Railroad to the most responsive offeror.                                                                                
12  (c)  The governor shall contract for an appraisal of the fair market value of the Alaska                               
13 Railroad and all other assets of the Alaska Railroad Corporation by a qualified railroad                                
14 appraiser.  The results of the appraisal shall be submitted to the legislature by the 10th                              

01 legislative day of the Second Session of the Eighteenth Alaska State Legislature.  A contract                           
02 for the appraisal under this section is exempt from AS 36.30.                                                           
03  (d)  The governor shall report to the legislature by the 10th legislative day of each                                  
04 regular session of the Alaska State Legislature regarding the procedures established for and                            
05 the progress toward the sale of the Alaska Railroad as mandated by this Act.                                            
06  (e)  Upon the completion of the sale of the railroad, the governor shall dissolve the                                  
07 Alaska Railroad Corporation.                                                                                            
08  (f)  The governor may adopt regulations under AS 44.62 to implement this Act.                                          
09  (g)  The sale of the Alaska Railroad under this Act is not subject to AS 36.30 or                                      
10 AS 42.40.                                                                                                               
11    * Sec. 2.  This Act takes effect immediately under AS 01.10.070(c).