1997-02-19                     Senate Journal                      Page 0411
SB 84                                                                        
The Health, Education and Social Services Committee considered                 
SENATE BILL NO. 84 An Act relating to fiscal management of                     
endowment assets of the University of Alaska; amending the                     
definition of university receipts to include distribution from                 
university endowments and the total return from the University of              
Alaskas endowment trust fund for land obtained under the Act of                
Congress of January 21, 1929, as amended, and transferring                     
responsibility for management and investment of those assets; and              
making technical amendments to provisions relating to federal grants           
and appropriations from federal land grant college fund sources that           
must be paid to the state.  Signing do pass:  Senator Wilken, Chair,           
Senators Ward, Leman, Green.  Signing no recommendation:                       
Senator Ellis.                                                                 
                                                                               
Fiscal notes published today from Department of Revenue and                    
University of Alaska.                                                          
                                                                               
The bill was referred to the Finance Committee.