State of Alaska
Fiscal Note
Bill Version: CSHB 122(FIN)
2024 Legislative Session
Fiscal Note Number: 2
(H) Publish Date: 5/6/2024
Identifier: HB122-DCCED-AIDEA-04-29-24 Department: Department of Commerce, Community and
Title: RAILROAD CORP. FINANCING Economic Development
Sponsor: TOMASZEWSKI Appropriation: Alaska Industrial Development and Export
Requester: (H) Finance Authority
Allocation: Alaska Industrial Development and Export
Authority
OMB Component Number: 1234
Expenditures/Revenues
Note: Amounts do not include inflation unless otherwise noted below. (Thousands of Dollars)
Included in
FY2025 Governor's
Appropriation FY2025 Out-Year Cost Estimates
Requested Request
OPERATING EXPENDITURES FY 2025 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030
Personal Services
Travel
Services
Commodities
Capital Outlay
Grants & Benefits
Miscellaneous
Total Operating 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Fund Source (Operating Only)
None
Total 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Positions
Full-time
Part-time
Temporary
Change in Revenues
None
Total 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Estimated SUPPLEMENTAL (FY2024) cost: 0.0 (separate supplemental appropriation required)
Estimated CAPITAL (FY2025) cost: 0.0 (separate capital appropriation required)
Does the bill create or modify a new fund or account? NO
(Supplemental/Capital/New Fund - discuss reasons and fund source(s) in analysis section)
ASSOCIATED REGULATIONS
Does the bill direct, or will the bill result in, regulation changes adopted by your agency? NO
If yes, by what date are the regulations to be adopted, amended or repealed?
Why this fiscal note differs from previous version/comments:
Not applicable, initial version.
Prepared By: Randy Ruaro, Executive Director Phone: (907)771-3000
Division: Alaska Industrial Development and Export Authority Date: 04/29/2024
Approved By: Hannah Lager, Administrative Services Director Date:
OUT OF
04/29/24
Agency: Commerce, Community, and Economic Development REPORTED
Printed 5/6/2024 Page 1 of 2 HFC 05/06/2 024
Control Code: TIveo
 CSHB 122(FIN) - Fiscal Note 2
FISCAL NOTE ANALYSIS
STATE OF ALASKA BILL NO. HB 122
2024 LEGISLATIVE SESSION
Analysis
This bill authorizes the Alaska Railroad Corporation (ARRC) to issue revenue bonds to finance the replacement of ARRC's
passenger dock and related terminal facility in Seward, Alaska, as well as associated costs. Further, this bill provides ARRC
with legislative authority to issue bonds for the Port Mackenzie Rail Extension, as well as authorization for the Alaska
Industrial Development & Export Authority with legislative authorization to issue bonds for infrastructure that supports
the development of critical mineral and rare earth element projects in Alaska.
The Alaska Industrial Development and Export Authority (AIDEA) does not anticipate fiscal impact from this legislation.
AIDEA bonds do not create a liability of the state and are paid for by AIDEA funds.
(Revised 10/31/2023 OMB/LFD) Page 2 of 2
HB122-DCCED-AIDEA-04-29-24 Page 2 of 2 Control Code: TIveo


Statutes affected:
HB0122B, AM CSHB 122(TRA), introduced 03/18/2024: 42.40.250, 42.40.285
HB0122D, AM CSHB 122(FIN) am, introduced 05/08/2024, passed House 05/09/2024: 42.40.250