A lawsuit brought by a group of University of Alaska students in an effort to protect the state’s scholarship fund from being liquidated by Gov. Mike Dunleavy has come to a disappointing end.
After hearing oral arguments on Tuesday, the Alaska Supreme Court has upheld a Superior Court decision that found Dunleavy’s expansion of the Constitutional Budget Reserve’s sweep that targeted the funding source for the state’s scholarship programs was, in fact, legal.
With a full opinion expected at a later date, the Alaska Supreme Court’s order doesn’t delve into any details. Superior Court Judge Adolf Zeman found the Higher Education Investment Fund met the requirements for the annual sweep but noted
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