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Here is the latest Alaska news from The Associated Press at 5:40 a.m. AKDT

Here is the latest Alaska news from The Associated Press at 5:40 a.m. AKDT
Published: Jul. 15, 2020 at 1:43 AM AKDT
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ANCHORAGE, Alaska (AP) — A new report says Anchorage should provide about 3,000 new housing units and shelter beds to meet the growing needs of the city’s homeless residents. The Anchorage Daily News reported the level of aid needed by people experiencing homelessness is expected to rise in the coming months as the coronavirus pandemic continues to hurt the city’s economy. The report released Monday by the Anchorage Coalition to End Homelessness analyzes supply and demand, including the housing and support services necessary to get people off the streets, out of shelters and into suitable living arrangements.

JUNEAU, Alaska (AP) — State regulators have fined an Alaska Native corporation board member over a social media post perceived as an attempt to sway the votes of shareholders. CoastAlaska reported Richard Beasley of Goldbelt Inc. posted a message regulators determined was implying shareholders would be paid if they voted in favor of establishing a new trust the Juneau-based urban corporation said would take advantage of a federal tax law change. The state’s banking and securities division fined Beasley $1,000 for suggesting a vote for the trust would result in a $100 payment. All those who voted received the inventive payment.

JUNEAU, Alaska (AP) — The University of Alaska Board of Regents has named Pat Pitney interim president. It's a position the university system says she is expected to hold at least a year while a search for a permanent president is underway. Pitney is expected to take over Aug. 1. The search was prompted by the recent resignation of system President Jim Johnsen. Pitney is director of the Legislative Finance Division, which provides budget and revenue analyses for the Legislature. She also has a long history with the university system, including work as a vice chancellor at the University of Alaska Fairbanks.

ANCHORAGE, Alaska (AP) — A neglected site where the Alaska territorial flag was designed, sewn and first flown will be demolished despite last-minute efforts by Alaskans and a preservation group to save it. The territorial flag went on to represent Alaska with statehood in 1959. The Seward City Council voted Monday to raze the Jesse Lee Home, once a Methodist-run facility where orphans and other displaced children from Alaska Native villages were sent. One was Benny Benson, who won a territory-wide contest in 1927 to design the flag. The plan is to build a memorial at the site with community input.