The governor of Alaska just line-item-vetoed 41% of the University of Alaska System’s state appropriation, structured so that it will come entirely from the University of Alaska Fairbanks (the flagship) and the University of Alaska Anchorage (the largest campus in the system). The veto can be overridden by the legislature by 5 July, but as of now the governor has the votes.
Under the assumption the vetoes hold, the president of the system will be granted the authority to declare financial exigency next month: https://www.adn.com/alaska-news/education/2019/06/28/dunleavy-veto-is-devastating-says-university-of-alaska-president/