In November 2019, the "Yukon University Act" was passed, resulting in the college's reorganization into a post-secondary university; with the legislation going into effect on 20 February 2020. The following legislation established a bicameral governance structure for the institution, establishing a new board of governors, and replaced the college's academic council with the university senate. As a result of its reorganization, the institution's logo and colours were changed as well. Plans were in place to commemorate its reorganization into a university in May 2020; although several events were cancelled as a result of safety measures taken during the COVID-19 pandemic.