SB 54-ALASKA RAILROAD CORP. LAND TRANSFERS  1:24:06 PM CO-CHAIR WOOL announced that the next order of business would be SENATE BILL NO. 54, "An Act approving the transfer of certain Alaska Railroad Corporation land; and providing for an effective date." 1:24:33 PM SENATOR JOHN COGHILL, Alaska State Legislature, as prime sponsor, stated that SB 54 would correct an oversight related to the Healy land transfer "from the railroad to the buyers." He said he thinks SB 54 would benefit the Healy area, the Alaska Railroad Corporation, and the purchaser. 1:25:34 PM RYNNIEVA MOSS, Staff, Senator John Coghill, Alaska State Legislature, on behalf of Senator Coghill, prime sponsor, pointed out that SB 54 does not address a new sale, rather it relates to a sale that was approved by the legislature [in previous legislation] wherein Ms. Moss said she had made a mistake. She echoed Senator Coghill's remark that the proposed legislation would correct the oversight. 1:25:52 PM CO-CHAIR WOOL opened public testimony on SB 54. 1:26:02 PM JON COOK, Chair, Board of Directors, Alaska Railroad Corporation, related that he has also served on "the Real Estate Committee" for the past nine years. He stated that board's support of SB 54. He explained that the buyer paid for a portion of land on a lake in Healy, Alaska, for a hotel complex; this was made possible under legislation passed last year. The buyer "pre-paid the remaining portion" that [was not previously allowed due to an oversight]. He said the board would appreciate anything the legislature can do to move SB 54 quickly, because "one day in May is worth three in October," and the buyer is ready to go to work on the project. 1:27:05 PM CO-CHAIR WOOL, after ascertaining that there was no one else who wished to testify, closed public testimony on SB 54. 1:27:16 PM CO-CHAIR STUTES moved to report SB 54 out of committee with individual recommendations and the accompanying zero fiscal note. There being no objection, SB 54 was reported out of the House Transportation Standing Committee.