WASHINGTON (KINY) - Alaska's Congressional delegation has introduced the University of Alaska Fiscal Foundation Act in both the US House and Senate.
This act aims to resolve UA's "unfulfilled land grant by allowing [the university] and the state to jointly identify up to 500,000 acres of land" to be transferred to UA, according to a joint release from Senator Lisa Murkowski, Senator Dan Sullivan, and Representative Don Young.
UA currently has one of the smallest land endowments of higher education institutions, said the release. As the law stands currently, the state of Alaska is prevented from just transferring the land without Congressional action.
Senator Murkowski said this move will help provide long-term financial stability for the University system.