SB 54: "An Act approving the transfer of certain Alaska Railroad Corporation land; and providing for an effective date."
00 SENATE BILL NO. 54 01 "An Act approving the transfer of certain Alaska Railroad Corporation land; and 02 providing for an effective date." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. The uncodified law of the State of Alaska is amended by adding a new section 05 to read: 06 APPROVAL OF THE TRANSFER OF REAL PROPERTY TO ALASKA TOURISM 07 DEVELOPMENT, LLC. (a) The Alaska Railroad Corporation is authorized to convey the 08 corporation's interest in the surface estate of approximately 18.072 acres of rail land located 09 in the Alaska Railroad Healy Reserve near Otto Lake, shown as Parcel B on "A Subdivision 10 of a portion of Section 25, T12S, R8W, F.M., AK, Creating Parcel A and Parcel B," recorded 11 as Plat No. 2018-9 in the Nenana Recording District, to Alaska Tourism Development, LLC. 12 (b) In consideration for the conveyance authorized in (a) of this section, the Alaska 13 Railroad Corporation may accept cash equivalent to the fair market value of the land being 14 conveyed.
01 (c) This section constitutes legislative approval under AS 42.40.285(1) for the Alaska 02 Railroad Corporation to convey its entire interest in the land described in (a) of this section. 03 * Sec. 2. This Act takes effect immediately under AS 01.10.070(c).