University of Alaska Fiscal Foundation Act

To provide for the continuation of higher education through the conveyance to the University of Alaska of certain public land in the State of Alaska, and for other purposes. 1. Short title This Act may be cited as the University of Alaska Fiscal Foundation Act 2. Purpose The purpose of this Act is to establish a program within the Department of the Interior to fulfill the commitment of Congress to establish the University of Alaska as a land grant university with holdings sufficient to facilitate operation and maintenance of a university system for the State of Alaska. 3. Definitions In this Act: (1) Available State selected land The term available State selected land Public Law 85–508 Alaska Statehood Act (2) Secretary The term Secretary (3) State The term State (4) University The term University 4. University of Alaska land grant (a) Establishment The Secretary shall establish a program within the Bureau of Land Management to identify and convey available State selected land to the University for a land grant to support higher education. (b) Identification of available State selected land (1) In general Not later than 2 years after the date of enactment of this Act, the State and the University may jointly identify not more than 500,000 acres of available State selected land for inclusion in the program established under subsection (a) for conveyance and patent to the University. (2) Technical assistance Upon the request of the State and the University, the Secretary shall provide technical assistance in the identification of available State selected land for inclusion in the program. (3) Survey Upon notification that the State and the University have identified available State selected land for conveyance under paragraph (1), the Secretary shall expeditiously survey the available State selected land. (4) Maps As soon as practicable after the date on which the available State selected land is identified for conveyance under paragraph (1), the Secretary shall submit to Congress one or more maps depicting the available State selected land identified for conveyance under that paragraph. (c) State and University concurrence; conveyances Subject to subsection (e), if the State and the University submit to the Secretary one or more joint letters stating that the State and the University concur with the conveyance of all or a portion of the available State selected land identified for conveyance under subsection (b)(1), the Secretary shall convey to the Board of Regents of the University, subject to valid existing rights, the applicable identified available State selected land, to be held in trust for the exclusive use and benefit of the University. (d) Administration of conveyed land All available State selected land conveyed to the University under this Act, together with the income therefrom and the proceeds from any dispositions thereof, shall be administered by the University in trust to meet the necessary expenses of higher education programs, similar to prior Federal land grants to the University. (e) Terms and conditions (1) Maximum acreage The Secretary shall convey not more than a total of 360,000 acres of available State selected land to the University under this Act. (2) Letters of concurrence For purposes of subsection (c) and subject to the maximum acreage limitation under paragraph (1), the State and the University may submit to the Secretary one or more joint letters of concurrence identifying parcels of available State selected land for conveyance as a subset of the total acres to be conveyed under this Act. (3) Acreage charged against Alaska Statehood Act entitlement The total acreage of all parcels of available State selected land conveyed to the University under this Act shall be charged against the remaining entitlement of the State under Public Law 85–508 Alaska Statehood Act (4) Survey costs In accordance with Public Law 85–508 Alaska Statehood Act (f) Intent of Congress It is the intent of Congress that any conveyance requested through a joint letter of concurrence under subsection (c) be finalized not later than 1 year after the date on which the letter is received by the Secretary. (g) State and University participation Nothing in this Act requires the State or the University— (1) to participate in the program established under subsection (a); or (2) to submit joint letters of concurrence under subsection (c) or (e)(2). 5. Congressional notification On conveyance and patent to the University of the available State selected land under this Act, the Secretary shall notify the Committee on Energy and Natural Resources of the Senate and the Committee on Natural Resources of the House of Representatives of the conveyance.

Summary: University of Alaska Fiscal Foundation Act This bill directs the Bureau of Land Management (BLM) to establish a program to identify and convey available federal land in Alaska to the University of Alaska for a land grant to support higher education. No later than two years after enactment of the bill, Alaska and the university may jointly identify no more than 500,000 acres of land for inclusion in the program. Upon the request of Alaska and the university, the BLM shall provide technical assistance in the identification of land. If Alaska and the university submit to the BLM one or more joint letters concurring with the conveyance of all or a portion of the land identified for conveyance, the BLM shall convey the land to the Board of Regents of the university, to be held in trust for the exclusive use and benefit of the university. The BLM shall convey no more than 360,000 acres of land to the university. The BLM shall notify Congress upon conveyance of the land.