State of Alaska
Fiscal Note
Bill Version: HB 395
2024 Legislative Session
Fiscal Note Number: 1
(H) Publish Date: 4/22/2024
Identifier: HB395-DCCED-ARRC-04-19-24 Department: Department of Commerce, Community and
Title: TRANSFER OF RAILROAD PROPERTY Economic Development
Sponsor: TRANSPORTATION Appropriation: Alaska Railroad Corporation
Requester: (H) TRANSPORTATION Allocation: Alaska Railroad
OMB Component Number: 0
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? Yes
If yes, by what date are the regulations to be adopted, amended or repealed? 07/01/25
Why this fiscal note differs from previous version/comments:
Revised to reflect zero costs instead of indeterminate.
Prepared By: Meghan Clemens Phone: (907)265-2357
Division: Alaska Railroad Date: 04/18/2024
Approved By: Hannah Lager, Administrative Services Director Date: 04/19/24
Agency: Commerce, Community, and Economic Development
Printed 4/22/2024 Page 1 of 2 Control Code: pwfPV
 HB 395 - Fiscal Note 1
FISCAL NOTE ANALYSIS
STATE OF ALASKA BILL NO. HB 395
2024 LEGISLATIVE SESSION
Analysis
This bill would provide legislative authorization for the Alaska Railroad Corporation (ARRC) to sell select parcels of land to
the City of Nenana. The purchase price of the property shall not be less than the fair market value as determined by a
Member, Appraisal Institute (MAI)-certified appraiser retained by ARRC, in addition to any outstanding lease invoices,
which shall be payable in full at closing in cash or equivalent.
The fiscal impact of this legislation is shown as zero because ARRC is exempt from the Executive Budget Act and does not
anticipate operating or capital budget fiscal impact from this legislation. Revenue resulting from a sale would be retained
by ARRC.
(Revised 10/31/2023 OMB/LFD) Page 2 of 2
HB395-DCCED-ARRC-04-19-24 Page 2 of 2 Control Code: pwfPV