1997-02-25                     Senate Journal                      Page 0492
SB 84                                                                        
The Finance 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              
Sharp, Cochair.  Signing no recommendation: Senator Pearce,                    
Cochair, Senators Adams, Parnell, Phillips, Torgerson.                         
                                                                               
Previous fiscal notes.                                                         
                                                                               
The bill was referred to the Rules Committee.