00                            SENATE BILL NO. 241                                                                         
01 "An Act relating to a report to the legislature on teacher preparation, retention, and                                  
02 recruitment by the Board of Regents of the University of Alaska."                                                       
03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
04    * Section 1. AS 14.40.190 is amended by adding a new subsection to read:                                           
05            (b)  In addition to the report required under (a) of this section, the Board of                              
06       Regents shall prepare and present an annual report to the legislature entitled "Alaska's                          
07       University for Alaska's Schools" that describes the efforts of the university to attract,                         
08       train, and retain qualified public school teachers. The report must include an outline of                         
09       the university's past, current, and future plans to close the gap between known teacher                           
10       employment vacancies in the state and the number of state residents who complete                                  
11       teacher training. The information reported under this subsection must also include                                
12       short-term and five-year strategies with accompanying budgets.                                                    
13    * Sec. 2. AS 14.40.250 is amended to read:                                                                         
14            Sec. 14.40.250. Regents to act as trustees and administer money or                                         

01       property. The Board of Regents may receive, manage, and invest money or other real,                             
02       personal, or mixed property for the purpose of the University of Alaska, its                                      
03       improvement or adornment, or the aid or advantage of students or faculty, and, in                                 
04       general, may act as trustee on behalf of the University of Alaska for any of these                                
05       purposes. The regents shall prepare a written report, in accordance with                                          
06       AS 14.40.190(a) [AS 14.40.190], as to the administration and disposition of money                             
07       received under this section.                                                                                      
08    * Sec. 3. AS 37.25.010(d) is amended to read:                                                                      
09            (d)  The University of Alaska shall, in the report required under                                            
10       AS 14.40.190(a) [AS 14.40.190], report the amount of university receipts received in                          
11       one year and expended in the succeeding fiscal year.