Agencies Debut New Utah Trust System Video
Utah State Treasurer David Damschen narrates a new video explaining the Utah School and Institutional Trust System. The video outlines the four agencies tasked with managing Utah’s trust system. Treasurer Damshen explains the history of the Trust, which began in 1894. He also explains each agency and their separate fiduciary responsibilities. Trust Land Management: School […]
$2 Billion in Revenue, FY2020 Annual Report
Fiscal year 2020 helped SITLA reach $2 billion in total revenue since the agency’s inception in 1994. SITLA manages Utah’s 3.4 million acres of trust lands on behalf of 12 beneficiaries. The agency generates revenue from energy, minerals, real estate, and surface development. Please see the SITLA FY2020 Annual Report, which includes updates from each […]
Auction Nets $1.37M for K12, School for the Deaf
SITLA sold seven trust land parcels at its biannual public auction this week. The land auction generated $1,372,750 for two trust land endowments, K12 public schools and Utah School for the Deaf. All but one of the eight parcels offered by SITLA sold during the agency’s first online public auction. The 1.47-acre Highway 91 parcel […]
Gunnison Community Secures Historic G-Hill
The Gunnison City Council, led by Mayor Lori Nay, voted to purchase 20 acres of trust lands that are home to the iconic “G” above Gunnison City. The Council approved the purchase and a measure to lease and improve recreation around G-Hill at its Wednesday, November 4 meeting.”This is a great day for our community. […]
42,000 Seedlings Planted in Cache, Weber, and Duchesne Counties
Utah foresters, landowners, resort employees, and a state contractor planted 42,100 seedlings over the past week in Cache, Weber, and Duchesne counties. All locations are sites of multi-year reforestation and rehabilitation projects and represent three different forest management issues: fuels reduction, infestation, and wildfire. These small seedlings are a big part of proactive forest management […]
Competitive Mineral Lease Offering Earns $400K for Trust Beneficiaries
The SITLA Oil and Gas, and Minerals groups held their quarterly lease offering in October generating approximately $400,000 for three trust land beneficiaries: public schools, state reservoirs, and the University of Utah.The October lease offering generated $397,579.12 in bonus bids, largely for oil and gas, on approximately 6,000 acres of trust lands within Duchesne, Uintah, […]
Utah Schools Receive $88.8 Million This Year, $92.84 Million Next Year
Utah State Treasurer David Damschen today 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 $92.84 million from the Permanent State School Fund in July 2021 – a 4.5% increase from this year’s distribution of $88.83 million and a 12.3% increase […]
Two Beneficiaries to Benefit from November Online Auction
SITLA offers eight properties at its online land sale auction November 12-18, 2020. Trust land parcels range from one to 651 acres and are located in Daggett, Garfield, Iron, Uintah, and Utah counties. Proceeds from the sale will be deposited into the permanent endowments for public education and Utah School for the Deaf. Visit the […]
Temporary Closure of Knolls Fire Area Rescinded
The Utah School and Institutional Trust Lands Administration (SITLA) has reopened trust lands in the Lake Mountains following 100% containment of the Knolls Fire. The area is located on the eastern slopes of Lake Mountain, located south of Saratoga Springs in Utah County. Fire crews will patrol and monitor the area over the next few […]
Public Access to Trust Lands in Knolls Fire Area Closed Temporarily
SITLA Director David Ure issued a temporary closure of trust lands located on the eastern slopes of Lake Mountain, located south of Saratoga Springs in Utah County. All public entry is restricted to protect public safety and allow for wildland firefighting efforts. This closure will be rescinded when the fire is declared controlled by the […]