1997-03-06                     Senate Journal                      Page 0607
SB 84                                                                        
SENATE BILL NO. 84 am 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; 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; and affirming that the Board of Regents and              
officers of the University of Alaska may not expend university                 
receipts without legislative appropriation was engrossed, signed by            
the President and Secretary and transmitted to the House for                   
consideration.