(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.
Structure Alaska Statutes
Title 42. Public Utilities and Carriers and Energy Programs
Chapter 40. Alaska Railroad Corporation
Article 10. General Provisions.
Sec. 42.40.905. Notice of legal actions.
Sec. 42.40.910. Exemption from taxation.
Sec. 42.40.915. Transportation of members of the Alaska organized militia.
Sec. 42.40.920. Application of existing laws.
Sec. 42.40.930. Conflicting laws inapplicable.
Sec. 42.40.935. Railroad facilities code compliance.
Sec. 42.40.940. Sale or lease of the railroad.