Alaska § 37.05.555 - University of Alaska building fund.
Full text of Alaska Alaska Statutes § 37.05.555 — University of Alaska building fund., with citation guidance and answers to common questions.
§ 37.05.555. University of Alaska building fund.
(a) The University of Alaska building fund is created as a special account in the general fund. The fund consists of (1) payments made to the University of Alaska by a public or private occupant of a covered building under an agreement with the University of Alaska for costs of the occupant's use and occupancy of building space; and
(2) appropriations to the fund.
(b) The legislature may appropriate, annually and under AS 37.07 (Executive Budget Act), amounts from the University of Alaska building fund to the University of Alaska to pay the costs of use, management, operation, maintenance, and depreciation related to space in covered buildings managed under an agreement with the University of Alaska.
(c) Appropriations to the University of Alaska building fund are not one-year appropriations and do not lapse under AS 37.25.010 .
(d) The unexpended and unobligated balance of an appropriation from the University of Alaska building fund lapses into the University of Alaska building fund at the end of the fiscal year for which it was appropriated.
(e) Nothing in this section exempts money deposited into the University of Alaska building fund from the requirements of AS 37.07 (Executive Budget Act) or dedicates that money for a specific purpose.
(f) In this section, “covered building” means a building owned by the University of Alaska and designated by the Board of Regents as a covered building.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 37.05.555
What does Alaska Statutes § 37.05.555 cover?
Section 37.05.555 ("University of Alaska building fund.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 37.05.555?
A common citation format is "Alaska Statutes § 37.05.555" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 37.05.555 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.