Our Agency and Mission
Six percent of the land within Utah’s borders is trust land and set aside to provide a continual source of funding for K-12 public education and 11 other trust land beneficiaries. SITLA is tasked with managing Utah’s 3.4 million acres of trust land and working with private business to generate revenue from energy and mineral royalties, and real estate and surface development.
Since 1994, SITLA has generated $1.87 billion for the Permanent School Fund
and other perpetual endowments for the institutions below.
TRUST FUND INVESTMENT
The Permanent School Fund and other beneficiary endowments are invested
by a separate agency,the School and Institutional Trust Funds Office.
Annual interest income from each permanent fund is distributed annually
to each beneficiary institution.
In addition to generating substantial revenue, the Administration has been involved in numerous transactions and projects that have preserved and protected more than 560,000 acres of land in Utah, an area equivalent to the combined acreage of Arches, Bryce Canyon, Capitol Reef, and Zion national parks.
LAND EXCHANGE DISTRIBUTION ACCOUNT (LEDA)
The agency also administers the Land Exchange Distribution Account, managing the complex disbursement of development royalties from federal lands, which serve as compensation to the 27 counties that acquired or exchanged lands at the time of the Grand Staircase Escalante National Monument designation. This responsibility will continue to grow as the Administration collaborates on several land exchanges with the federal government.
MISSION: Administering trust lands prudently and profitably for Utah’s schoolchildren and other trust beneficiaries.