SITLA Deposits $76M Into Trust Land Beneficiary Endowments

SITLA deposits $76 million into 12 permanent endowments for education, hospitals, universities The Utah School and Institutional Trust Lands Administration, SITLA, reported net contributions of $76,027,304 to the permanent endowments for K-12 education and 11 other trust land beneficiaries, including state hospitals, colleges, and universities. SITLA earned $89.9 million in revenue from energy, mining, real… Read more »

SITLA Trust Land Auction Earns $344K for Schools, UofU College of Mines

SITLA held its biannual public auction this week generating $343,900 for two beneficiary endowments, public schools and the University of Utah College of Mines and Earth Sciences. The seven parcels sold totaled a combined 315 acres and are located in Duchesne, Emery, Garfield, and Sevier counties. By law, SITLA retains the mineral estate. All proceeds… Read more »

Treasurer Damschen Announces Record Distributions

Utah State Treasurer David Damschen announced that the Permanent State School Fund will make the largest-ever distribution to Utah schools next year. Schools are slated to receive a record $88.83 million from the Permanent State School Fund in July 2020 – a 7.5% increase from this year’s distribution of $82.66 million and a 20% increase… Read more »

Back to School with $82.66 Million in Trust Funds

As the new school year begins with a record $82.66 million in School LAND Trust Funds, the School Children’s Trust Section at the Utah State Board of Education urges parents to join their School Community Councils and determine how to best spend their school’s trust funds. Every K-12 school in Utah has its own School… Read more »

Changes to Oil and Gas Royalty Reporting

The agency has made changes to R850-5-300 to clarify the requirements for payors of oil and gas royalty, effective June 1, 2019.  Should you have comments or questions, please contact: LaVonne Garrison lavonnegarrison@utah.gov 801-538-5197

Through December 31 | Request for Proposal: Sienna Hills Parcel 13
SITLA is soliciting competing proposals for the purchase of approximately 5.7 acres of property, known as the Sienna Hills Parcel 13, in Washington City, UT. Please find complete information on the SITLA Real Estate Development page.
December 10 | Board of Trustees Meeting
The School and Institutional Trust Lands Board of Trustees will meet and discuss several lands and operational issues.Please see the full agenda and board packet.
January 13-15 | WSLCA Winter Conference
The Western States Land Commissioners Association (WSLCA) winter conference is held in Austin, Texas. WSLCA is a non-profit consortium of administrators of trust lands totaling more than 500 million acres of public and school trust lands in 21 western states. WSLCA’s services and activities assist states to manage assets that help to fund public education. The combined holdings of the WSLCA member states represent the second largest owner of land and minerals in the United States, second only to the federal government. We are proud that the vast resources entrusted to our care continue to provide billions of dollars each year in support of public education in America.