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. Definitions In this Act: (1) Available State-selected land The term available State-selected land 43 U.S.C. 1635(e) Public Law 85–508 Alaska Statehood Act (2) Conservation system unit The term conservation system unit 16 U.S.C. 3102 (3) Secretary The term Secretary (4) State The term State (5) University The term University 3. Establishment The Secretary shall establish a program within the Bureau of Land Management— (1) to identify and convey available State-selected land to the University to support higher education in the State; and (2) to acquire, by purchase or exchange, University-owned land located within conservation system units in the State. 4. Identification of land to be conveyed the University (a) 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 section 3, of which not more than 360,000 acres may be conveyed and patented to the University. (b) 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. (c) Maps As soon as practicable after the date on which the available State-selected land is identified under subsection (a), the Secretary shall submit to the Committee on Energy and Natural Resources of the Senate and the Committee on Natural Resources of the House of Representatives 1 or more maps depicting the available State-selected land identified for conveyance to the University. (d) Conveyance Subject to subsection (e), if the State and the University notify the Secretary in writing that the State and the University jointly concur with the conveyance of all or a portion of the available State-selected land identified under subsection (a), and that the State relinquishes its selection rights to the land covered by the notification, the Secretary shall convey the applicable identified available State-selected land to the University, subject to valid existing rights, in the same manner and subject to the same terms, conditions, and limitations as is applicable to the State under Public Law 85–508 Alaska Statehood Act (e) Terms and conditions (1) Maximum acreage Subject to paragraph (3), the Secretary shall convey not more than a total of 360,000 acres of available State-selected land to the University under this section, not to exceed the remaining entitlement of the State under Public Law 85–508 Alaska Statehood Act (2) Letters of concurrence For purposes of subsection (d) and subject to the maximum acreage limitation under subsection (a), the State and the University may submit to the Secretary 1 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 section. (3) Acreage charged against alaska statehood act entitlement The acreage of land conveyed to the University under this section 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 5. University of Alaska inholdings within conservation system units (a) In general The Secretary or the Secretary of Agriculture, as appropriate, may acquire by purchase or exchange, with the consent of the University, University-owned inholdings within conservation system units in the State. (b) Appraisals The value of the land to be exchanged or acquired under this section shall be determined by the Secretary through appraisals conducted— (1) in accordance with— (A) the Uniform Appraisal Standards for Federal Land Acquisitions; and (B) the Uniform Standards of Professional Appraisal Practice; and (2) by an appraiser mutually agreed to by the Secretary and the University. (c) Equal value exchanges For any land exchange entered into under this section, the Federal land and University-owned inholdings exchanged shall be of equal value. (d) Purchase acquisitions Pursuant to chapter 2003 (e) Requirement Any land acquired by the United States under this section shall be administered in accordance with the laws (including regulations) applicable to the conservation system unit in which the land is located. 6. Administration of conveyed or exchanged land All available State-selected land that is tentatively approved or conveyed to the University under this Act, and all land acquired by the University through an exchange 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. 7. State and University participation Nothing in this Act requires the State or the University— (1) to participate in the program established under section 3; or (2) to enter into sales or exchanges of University-owned inholdings within conservation system units under section 5. 8. Congressional notification Not later than 90 days after the date of any conveyance and patent to the University 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 land conveyed and patented.

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. The bill also permits the BLM or the Department of Agriculture to acquire by purchase or exchange, with the university's consent, university-owned inholdings within conservation system units. Any land exchanged shall be of equal value. 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, of which not more than 360,000 acres may be conveyed and patented to the university. Upon the request of Alaska and the university, the BLM shall provide technical assistance in the identification of land. If Alaska and the university notify the BLM in writing that Alaska and the university jointly concur with the conveyance of all or a portion of the land identified for conveyance, and that Alaska relinquishes its selection rights to the land covered by the notification, the BLM shall convey the land to the university, to be held in trust for the exclusive use and benefit of the university. The BLM shall notify Congress of the land conveyed and patented.