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28th Legislature(2013-2014)

Bill Text 28th Legislature


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.                                                                             
05                           _______________                                                                               
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                                          
13       prescribe;                                                                                                        
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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