Bill allows railroad to issue bonds for safety technology

April 1, 2015 11:08 AM

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The Alaska Railroad Corp. would be allowed to issue up to $37 million in bonds to help implement federally required safety technology under legislation passed by the House.

HB 140, from House Finance co-chair Steve Thompson, says the bonds are to be repaid from Federal Transit Administration funds annually received by the corporation or other funds available to it.

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