Bill Text 28th Legislature
- Session Laws
00 Enrolled SB 74
01 Creating the University of Alaska building fund for the payment by the University of Alaska
02 of the costs of use, management, operation, maintenance, and depreciation of space in
03 buildings; and authorizing the Board of Regents of the University of Alaska to designate
04 buildings for which the fund is to be used.
06 * Section 1. AS 14.40.170(a) is amended to read:
07 (a) The Board of Regents shall
08 (1) appoint the president of the university by a majority vote of the
09 whole board, and the president may attend meetings of the board;
10 (2) fix the compensation of the president of the university, all heads of
11 departments, professors, teachers, instructors, and other officers;
12 (3) confer [SUCH] appropriate degrees as it may determine and
14 (4) have the care, control, and management of
01 (A) all the real and personal property of the university; and
02 (B) land
03 (i) conveyed to the Board of Regents by the
04 commissioner of natural resources in the settlement of the claim of the
05 University of Alaska to land granted to the state in accordance with the
06 Act of March 4, 1915 (38 Stat. 1214), as amended, and in accordance
07 with the Act of January 21, 1929 (45 Stat. 1091), as amended; and
08 (ii) conveyed to the Board of Regents in trust for the
09 University of Alaska by the commissioner of natural resources under
10 AS 14.40.365;
11 (5) keep a correct and easily understood record of the minutes of every
12 meeting and all acts done by it in pursuance of its duties;
13 (6) under procedures to be established by the commissioner of
14 administration, and in accordance with existing procedures for other state agencies,
15 have the care, control, and management of all money of the university and keep a
16 complete record of all money received and disbursed;
17 (7) adopt reasonable rules for the prudent trust management and the
18 long-term financial benefit to the university of the land of the university;
19 (8) provide public notice of sales, leases, exchanges, and transfers of
20 the land of the university or of interests in land of the university;
21 (9) administer, manage, market, and promote a postsecondary
22 education savings program, including the Alaska Higher Education Savings Trust
23 under AS 14.40.802 and the Alaska advance college tuition savings fund under
24 AS 14.40.803 - 14.40.817;
25 (10) designate buildings owned by the university as covered
26 buildings for purposes of paying the costs of use, management, operation,
27 maintenance, and depreciation from the fund established under AS 37.05.555.
28 * Sec. 2. AS 37.05 is amended by adding a new section to read:
29 Sec. 37.05.555. University of Alaska building fund. (a) The University of
30 Alaska building fund is created as a special account in the general fund. The fund
31 consists of
01 (1) payments made to the University of Alaska by a public or private
02 occupant of a covered building under an agreement with the University of Alaska for
03 costs of the occupant's use and occupancy of building space; and
04 (2) appropriations to the fund.
05 (b) The legislature may appropriate, annually and under AS 37.07 (Executive
06 Budget Act), amounts from the University of Alaska building fund to the University of
07 Alaska to pay the costs of use, management, operation, maintenance, and depreciation
08 related to space in covered buildings managed under an agreement with the University
09 of Alaska.
10 (c) Appropriations to the University of Alaska building fund are not one-year
11 appropriations and do not lapse under AS 37.25.010.
12 (d) The unexpended and unobligated balance of an appropriation from the
13 University of Alaska building fund lapses into the University of Alaska building fund
14 at the end of the fiscal year for which it was appropriated.
15 (e) Nothing in this section exempts money deposited into the University of
16 Alaska building fund from the requirements of AS 37.07 (Executive Budget Act) or
17 dedicates that money for a specific purpose.
18 (f) In this section, "covered building" means a building owned by the
19 University of Alaska and designated by the Board of Regents as a covered building.
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