Section 42.40.940. Sale or lease of the railroad.

Latest version.

   (a) The governor may provide for the sale or lease of the Alaska Railroad and dissolve the corporation if
        (1) it can be assured that the railroad will continue to operate after the sale or lease; and
        (2) under the terms of the sale or lease, the state will receive the amount of money it has spent in connection with the Alaska Railroad.
   (b) A sale under this section is subject to approval by law.

Authorities

42.40.950

Notes

References

AS 42.40.950 Reversion of assets.

History

(Sec. 2 ch 153 SLA 1984)

                    
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