SB189 Alabama 2012 Session

Summary

Primary Sponsor

Cam Ward

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

The bill changes how money from selling nonfederally granted lands owned by the University of Montevallo is handled, directing it to the university’s endowment for its use.

What This Bill Does

If enacted, the bill would require proceeds from sales or leases of nonfederally granted lands (and any income) to go into the University of Montevallo Endowment Fund and be budgeted and spent by the university’s board of trustees for the university’s benefit. The university would pay all the expenses of caring for, protecting, and selling those lands out of state funds allocated for maintenance. The bill specifically applies to nonfederally granted lands and does not alter restrictions on federally granted lands.

Who It Affects

• University of Montevallo — gains more control over proceeds from nonfederally granted lands via the Endowment Fund and board-initiated budgeting/disbursement for university needs.
• State of Alabama / taxpayers — funds for land upkeep and sales are drawn from the state’s maintenance appropriations; proceeds from land sales are redirected to the university's endowment rather than a general use

Key Provisions

• Proceeds from sale or lease of nonfederally granted lands, or income therefrom, must be paid into the University of Montevallo Endowment Fund.
• The board of trustees must budget and expend those proceeds for the benefit of the University of Montevallo.
• The university must pay all expenses of caring for, protecting, and selling the lands out of money appropriated for maintenance by the state Legislature.
• The act becomes effective 90 days after it is signed into law (or otherwise becomes law).

AI-generated summary using openai/gpt-5-nano on Feb 25, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Colleges and Universities