An Act approving the transfer of land owned by the Alaska Railroad Corporation to the City of Nenana; and providing for an effective date.

This bill allows the Alaska Railroad Corporation to sell approximately 188 acres of its rail land to the City of Nenana for fair market value. The transfer includes specific plots of land that will require surveying and legal description updates to become separate parcels. The railroad corporation may accept cash payment for the land, and the transaction is authorized under state law to proceed immediately upon signing.