(a) The Board of Regents shall establish an endowment for the physical sciences at the University of Alaska campus in Fairbanks. The endowment shall be managed as a perpetual trust. The income of the endowment shall be used to pay the salary and related expenses of the person appointed under (b) of this section for research, teaching, and advanced studies in one or more physical science disciplines.
(b) The Board of Regents shall appoint a person who is distinguished in one or more physical science disciplines to be paid from the endowment for the physical sciences. The tenure and the duties of the appointee shall be established by the Board of Regents based on the need for
(1) teaching, research, and studies in physical sciences of special interest in the state; and
(2) advancement of scientific study at the University of Alaska.
Structure Alaska Statutes
Title 14. Education, Libraries, and Museums
Chapter 40. The University of Alaska and the Community Colleges
Article 3. Property and Funds of the University of Alaska.
Sec. 14.40.250. Regents to act as trustees and administer money or property.
Sec. 14.40.251. Default on tuition, fees, and charges.
Sec. 14.40.253. Financing notice and approval.
Sec. 14.40.254. University revenue bonds.
Sec. 14.40.255. Investment of surplus money.
Sec. 14.40.257. Reimbursement for costs of capital projects.
Sec. 14.40.280. Endowments and donations.
Sec. 14.40.282. Endowment for the physical sciences.
Sec. 14.40.290. Property and funds generally.
Sec. 14.40.291. Land of the University of Alaska not public domain land.
Sec. 14.40.296. Working capital reserve fund.
Sec. 14.40.300. Creation and appointment of comptroller.
Sec. 14.40.325. Reallocation within state appropriations.
Sec. 14.40.330. Inventory of property.
Sec. 14.40.350. Board of Regents authorized to lease land.
Sec. 14.40.365. University land grant.
Sec. 14.40.366. Management requirements for university land.
Sec. 14.40.367. Confidential records relating to university land and interests in land.
Sec. 14.40.380. Assent of legislature to federal land and money grants.
Sec. 14.40.400. Fund for money from sale or lease of land granted by Act of Congress.
Sec. 14.40.410. Federal grants of money to establish agricultural experiment stations.
Sec. 14.40.430. Acceptance of federal appropriation for agricultural extension work.
Sec. 14.40.450. Governor authorized to make certificates to obtain federal grants of money.
Sec. 14.40.453. Confidentiality of research.
Sec. 14.40.458. University corporate interests.