SITLA to mark 20 years, $1 billion
This year, SITLA celebrates 20 years as an independent agency managing and developing Utah’s trust land assets. Since 1994, the agency has generated more than $1 billion for its 12 beneficiaries. SITLA’s contributions, combined with investment by the state treasurer, have grown the permanent funds of all beneficiaries to $1.73 billion, with public schools holding […]
SITLA Board welcomes new trustee, names advisory committee
At its December meeting, the SITLA Board of Trustees welcomed a new trustee and selected members of the Book Cliffs Wildlife Advisory Committee. Scott O. Ruppe of Vernal was sworn in as a new trustee. Ruppe is the Chief Financial Officer of Brady Trucking, and has a background in accounting, finance, and administration for industries, […]
Board approves amended deal with Anadarko, remains concerned about compensation for public schools
The School and Institutional Trust Lands Administration (SITLA) Board of Trustees voted unanimously at its September 26, 2013 meeting to approve an amended agreement with Anadarko Petroleum Corporation. However, SITLA board members remain concerned about the long-term implications of how the public school system will be fairly compensated for potential mineral development on its large […]
Planning and Development Group Effectively Weathering Economic Recession, Reports $14.6 Million in Revenues for FY2013
The SITLA Planning and Development Group will post revenues of approximately $14.6 million for the fiscal year ending June 30 and expects to see comparable or higher revenues for the coming fiscal year. Assistant Director for the Planning and Development Group, Doug Buchi, reports his group implemented the correct strategy to get through tough economic […]
Margaret Bird named Friend of the Trust
At the School and Institutional Trust Lands Administration (SITLA) Board of Trustees Meeting June 20 at the State Capitol, Lt. Governor Greg Bell joined SITLA in presenting Margaret Bird with its Friend of the Trust award for her contributions to the agency and overall growth of the Permanent School Fund. “I thank Margaret for her […]
Trust Lands director reappointed
During its June 20 meeting, the SITLA Board of Trustees reappointed Director Kevin S. Carter for a third, four-year term. Carter is a 32-year veteran of the agency who was first appointed director in 2003. During Carter’s watch as director, the permanent funds have grown by 400 percent. Most of the revenue generated from the […]