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2018 Alaska Statutes
Title 14. Education, Libraries, and Museums
Chapter 40. The University of Alaska and the Community Colleges
Article 3. Property and Funds of the University of Alaska.
Sec. 14.40.255. Investment of surplus money.
Universal Citation: AK Stat § 14.40.255 (2018)
If the Board of Regents determines that there is a surplus of money, received in the form of state and federal appropriations, above the amount sufficient to meet current and projected cash expenditure needs of the university, the surplus must be invested as set out in AS 37.10.071. Income earned on investments made under this section may be retained by the university and expended in accordance with AS 37.07 (Executive Budget Act.)
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