00                      CS FOR SENATE BILL NO. 123(FIN)                                                                   
01 "An Act relating to the program of federally funded construction projects of the Alaska                                 
02 Railroad Corporation."                                                                                                  
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1.  AS 42.40.290 is amended by adding a new subsection to read:                                          
05            (c)  On or before the first legislative day of each regular session, the board                               
06       shall submit the corporation's program of federally funded construction projects to the                           
07       legislature.  The presiding officer of each house of the legislature shall refer the                              
08       program of federally funded construction projects to the standing finance committee of                            
09       the respective house for review and other action as the committee considers                                       
10       appropriate.  If the legislature fails to disapprove by law the expenditure of federal                            
11       funds for construction of a project included in the plan of federally funded                                      
12       construction projects during the first 60 days of the regular session in which the                                
13       program of federally funded construction projects is submitted, expenditure of the                                
14       federal funds is approved.  If a project included in the program of federally funded                              

01       construction projects is substantially changed after receiving approval for construction                          
02       under this subsection, the project is subject to approval under this subsection as if the                         
03       project were a new project.  This subsection does not apply to the following projects:                            
04                 (1)  projects for which final design had been completed on or before the                                
05       effective date of this subsection;                                                                                
06                 (2)  track realignment projects having an estimated construction cost of                                
07       less than $10,000,000;                                                                                            
08                 (3)  facility construction projects having an estimated construction cost                               
09       of less than $5,000,000;                                                                                          
10                 (4)  projects located outside of an existing community or located                                       
11       entirely on federal land, including military bases and Denali National Park and                                   
12       Preserve;                                                                                                         
13                 (5)  repair, maintenance, and rehabilitation of existing track, roadbed,                                
14       and facilities;                                                                                                   
15                 (6)  emergency repairs of existing track, roadbed, and facilities;                                      
16                 (7)  bridge replacement and maintenance projects;                                                       
17                 (8)  train control projects and signalization projects;                                                 
18                 (9)  purchase of rolling stock and other railroad-related equipment;                                    
19                 (10)  construction of industrial, team, switching, or side track;                                       
20                 (11)  construction of facilities exclusively devoted to railroad                                        
21       maintenance.