Of the remaining land area, the state of Alaska owns 101 million acres (41 million hectares), its entitlement under the Alaska Statehood Act. A portion of that acreage is occasionally ceded to organized boroughs, under the statutory provisions pertaining to newly formed boroughs. Smaller portions are set aside for rural subdivisions and other homesteading-related opportunities. These are not very popular due to the often remote and roadless locations. The University of Alaska, as a land grant university, also owns substantial acreage which it manages independently.