Regents relent, declare financial exigency

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The University of Alaska Board of Regents declared financial exigency on Monday, allowing the university system to more quickly lay off faculty and staff, even those with tenure, if necessary.

The declaration will help the university as it restructures following budget cuts of $135 million in this year’s State budget.

The vote was 10-1, with Regent Lisa Parker of Soldotna the only regent voting against the declaration.

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