HB192 Alabama 2012 Session

Summary

Primary Sponsor

Mike Hill

Republican

Session

Regular Session 2012

Title

University of Montevallo, use of nonfederally granted lands for benefit of university, Sec. 16-54-17 am'd

Summary

HB192 would require proceeds from selling nonfederally granted lands owned by the University of Montevallo to go into an endowment fund and be used for the university's benefit.

What This Bill Does

If passed, the sale or lease proceeds (and income) from nonfederally granted lands owned by the University of Montevallo would be paid into the university’s Endowment Fund and then budgeted and spent by the board of trustees for the university’s benefit. The university would pay land-related care, protection, and selling costs using money appropriated by the state for its maintenance. This applies only to nonfederally granted lands; federally granted lands are not covered by this change.

Who It Affects

• University of Montevallo – gains access to endowment funds from nonfederally granted land proceeds, to be budgeted and spent for the university's benefit; also responsible for land-related expenses using state maintenance funds.
• State of Alabama / taxpayers – funding for the university’s land-related expenses would come from state maintenance appropriations.

Key Provisions

• Proceeds from sales or leases of nonfederally granted lands (and income from them) must be paid into the University of Montevallo Endowment Fund and budgeted and expended by the university's board of trustees for the university's benefit.
• The University of Montevallo must pay all expenses of caring for, protecting, and selling the lands out of money appropriated by the Legislature for its maintenance.
• The act applies only to nonfederally granted lands; lands that are federally granted are not affected by this change.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Colleges and Universities