Luna: ‘This board has the authority’

Attorney General Lawrence Wasden asked Supt. Luna if he considers his proposal a deviation from the recommendations of the Endowment Fund Investment Board. Luna responded that everything is different in this budget crunch, from how families are handling their budgets to moves being made by government. Wasden then asked if Luna’s plan was approved by the endowment board. “I think you know the answer to that - the answer is no,” Luna responded. “This decision rests with the (Land) Board. … This board already had the authority to make a larger distribution if we so chose.”