Statutes > Alaska Statutes > Title 14 - EDUCATION, LIBRARIES, AND MUSEUMS > Chapter 14.40. - THE UNIVERSITY OF ALASKA, THE COMMUNITY COLLEGES, AND THE ALASKA AEROSPACE DEVELOPMENT CORPORATION > Article 03 - PROPERTY AND FUNDS OF THE UNIVERSITY OF ALASKA > Sec. 14.40.250. - Regents to act as trustees and administer money or property.

Sec. 14.40.250. - Regents to act as trustees and administer money or property.

The Board of Regents may receive, manage, and invest money or other real, personal, or mixed property for the purpose of the University of Alaska, its improvement or adornment, or the aid or advantage of students or faculty, and, in general, may act as trustee on behalf of the University of Alaska for any of these purposes. The regents shall prepare a written report, in accordance with AS 14.40.190(a), as to the administration and disposition of money received under this section.