An Iowa lawmaker has proposed a bill that would require the University of Iowa to sell its famed Jackson Pollock painting

http://www.whotv.com/news/who-story-pollock-painting-bill-021011,0,5431588.story

Proceeds from the sale would go into a trust fund that would provide scholarships to University of Iowa undergraduate art majors from Iowa. The buyer would have to lend the painting to the university for a period of three months or more every four years.

Faculty Senate President Ed Dove called the proposal short-sighted, in part because „getting rid of it would defeat the purpose of having a school of art and art history and having a museum of art.“

See also
http://chronicle.com/blogs/ticker/lawmaker-eyes-u-of-iowas-pollock-painting-for-cash/30396

http://www.press-citizen.com/article/20110210/NEWS01/102100341/1079