SITLA begins 2014 with Utah Recreational Land Exchange
The School and Institutional Trust Lands Administration begins 2014 by finalizing the Utah Recreational Land Exchange Act of 2009 with the Bureau of Land Management (BLM). “Since 1998, the Trust Lands Administration has protected and conserved more than 500,000 acres of Utah land through projects and exchanges such as the Recreational Land Exchange Act,” said […]
Donaldson, Garrett in new leadership roles at School Children’s Trust Section
The School and Institutional Trust Lands Administration congratulates Tim Donaldson and Aaron Garrett in their new positions with the School Children’s Trust Section at the Utah Office of Education. Donaldson takes the helm as section director, replacing Margaret Bird who retired last summer. Garrett was named as new trust specialist, the position previously held by […]
Annual Report: FY2013 earnings net $96 million for beneficiaries
SITLA Director Kevin Carter reports strong business leadership and prudent land stewardship practices marked a successful 2013 fiscal year for the Trust Lands Administration. Highlights from this year’s annual report: – $96.3 million in proceeds were deposited into permanent funds or distributed to beneficiaries– Permanent School Fund topped $1.6 billion, providing $40 million to K-12 […]
SITLA attorney Thomas Mitchell earns Utah Legal Elite honor
Thomas A. Mitchell, an attorney with SITLA, was selected as one of Utah Business magazine’s 2014 Utah Legal Elite, a select group of lawyers practicing in Utah. Mitchell joined SITLA in 2003 and has practiced law for 32 years. He works in all areas of energy and natural resources policy, law, and litigation, and serves […]
Oil and Gas/Minerals groups yield more than $3 million at quarterly lease sale
The SITLA Oil and Gas, and Minerals groups held their quarterly lease sale October 28, generating more than $3.2 million for beneficiaries. The Oil and Gas Group leased 36,765 acres for a total of $3.2 million and the Minerals Group leased 2,123 acres for $35,489. This is a sealed-bid auction for lessees to acquire either […]
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 […]