Managing State Trust Lands Fiduciary Duty in the Changing West

Utah Trust Land

click map to enlarge	Utah School and Institutional Trust Lands Administration 675 East 500 South, Suite 500 Salt Lake City, UT 84102 801-538-5100 Kevin Carter, Director kevincarter@utah.gov
Of Interest	Utah Trust Lands and Education Funding
State Resources	State of Utah School and Institutional Trust Lands Administration 2007 Annual Report Trust Land Management in Utah Utah FY 2007 Revenues
Current Land Holdings	3.5 million surface acres (47 percent of original land grant of 7.5 million acres); 4.5 million subsurface acres
Uses	oil and gas, minerals, land sales for commercial/industrial development, recreational leases, grazing, timber and agriculture
Primary Revenue Source	mining of oil and gas
Trust Requirements	Lands are held in trust pursuant to the state constitution that establishes a permanent state school fund derived from the proceeds of trust land sales and revenues from nonrenewable resources. Lands are managed by the School and Institutional Trust Lands Administration (SITLA) board of trustees, consisting of seven members appointed by the governor with the consent of the Senate, and led by a director who is appointed by a majority vote of the board.
Beneficiaries	public schools water reservoirs Utah State University University of Utah a school of mines a miners' hospital normal school (includes state teachers college) schools for the blind and deaf public buildings state hospital youth development center