(a) The University of Alaska building fund is created as a special account in the general fund. The fund consists of
Terms Used In Alaska Statutes 37.05.555
Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(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 Alaska Stat. Chapter 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 Alaska Stat. Chapter 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.
