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SB 134: "An Act establishing an endowment for the Robert B. Atwood journalism chair at the University of Alaska Anchorage; and providing for an effective date."

00 SENATE BILL NO. 134                                                                                                     
01 "An Act establishing an endowment for the Robert B. Atwood journalism chair                                             
02 at the University of Alaska Anchorage; and providing for an effective date."                                            
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1.  AS 14.40 is amended by adding a new section to read:                                                   
05  Sec. 14.40.286.  ENDOWMENT FOR JOURNALISM.  (a)  The Board of                                                         
06 Regents shall establish an endowment for the Robert B. Atwood Chair of Journalism                                       
07 at the University of Alaska Anchorage.  The endowment shall consist of appropriations                                   
08 that shall be matched with contributions from other sources.  The endowment shall be                                    
09 managed as a perpetual trust.  The income of the endowment shall be used to pay the                                     
10 salary and related expenses of the person appointed under (b) of this section for                                       
11 teaching in the field of journalism.                                                                                    
12  (b)  The chancellor of the University of Alaska Anchorage shall appoint a                                             
13 person who is distinguished in one or more print or broadcast disciplines to be paid                                    
14 from the income of the endowment established under (a) of this section.  The tenure                                     
01 and the duties of the appointee shall be established by an agreement between the                                        
02 chancellor of the University of Alaska Anchorage and the Atwood Foundation.                                             
03    * Sec. 2.  This Act takes effect July 1, 1995.