Sec. 37.05.555. University of Alaska building fund.

AK Stat § 37.05.555 (2019) (N/A)

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(a) The University of Alaska building fund is created as a special account in the general fund. The fund consists of

(1) payments made to the University of Alaska by a public or private occupant of a covered building under an agreement with the University of Alaska for costs of the occupant's use and occupancy of building space; and

(2) appropriations to the fund.

(b) The legislature may appropriate, annually and under AS 37.07 (Executive Budget Act), amounts from the University of Alaska building fund to the University of Alaska to pay the costs of use, management, operation, maintenance, and depreciation related to space in covered buildings managed under an agreement with the University of Alaska.

(c) Appropriations to the University of Alaska building fund are not one-year appropriations and do not lapse under AS 37.25.010.

(d) The unexpended and unobligated balance of an appropriation from the University of Alaska building fund lapses into the University of Alaska building fund at the end of the fiscal year for which it was appropriated.

(e) Nothing in this section exempts money deposited into the University of Alaska building fund from the requirements of AS 37.07 (Executive Budget Act) or dedicates that money for a specific purpose.

(f) In this section, “covered building” means a building owned by the University of Alaska and designated by the Board of Regents as a covered building.

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Sec. 37.05.560. Educational facilities maintenance and construction fund.