HomeAnnual Report: FY2013 earnings net $96 million for beneficiaries

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 schools and supporting critical academic programs identified by individual School Community Councils
– Another $3.8 million was distributed to 11 other beneficiaries

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