SITLA Land Sale Auction Earns More Than $650,000 for Permanent School Fund
The School and Institutional Trust Lands Administration (SITLA) sold two parcels of school trust land at its biannual public auction held on June 25, 2014, earning $656,000 for Utah’s public schools. The 34.91-acre Buffalo Hollow parcel in Emery County sold for $46,000 and the 364-acre Sweetwater parcel in Sevier County sold for $610,000. All proceeds […]
Western States Land Commissioners Association Applauds Introduction of ACE Act
The Western States Land Commissioners Association (WSLCA), of which SITLA is a member, applauds the introduction of the Advancing Conservation and Education Act of 2014 (ACE) by Congressman Rob Bishop R-UT and Congressman Peter DeFazio D-OR in the U.S. House of Representatives. The act, crafted by WSLCA and its members, will enhance funding of public […]
Governor Signs Bills Guiding Management of $1.87 Billion School Account, SITLA Contributions to This Account
In a ceremony Tuesday, June 17 at the Utah State Capitol, Governor Gary R. Herbert signed two bills, HCR4 and HB 168 in support of the growth and future management of Utah’s $1.87 billion Permanent State School Fund, a trust fund belonging to every K-12 public school student in Utah. Representative Mel Brown, chief sponsor […]
Oil and Gas/Minerals Groups Yield More Than $2 million at January and April Lease Offerings
The SITLA Oil and Gas, and Minerals groups held their quarterly lease offerings in January and April, generating more than $2.3 million for beneficiaries. The January lease offering generated more than $1.7 million in bonus bids, while the April offering brought in an additional $530,000. This is a sealed-bid auction for lessees to acquire either […]