News

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… Read more »

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… Read more »

Temporary Closure of Knolls Fire Area Rescinded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… Read more »

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 This closure will be rescinded when the fire is declared controlled by the… Read more »

New GIS Dashboard Features Renewable Energy Leases

SITLA’s Geographic Information Systems (GIS) Team created a new dashboard tool, which maps all current renewable energy leases on Utah trust lands. The dashboard shows each renewable energy lease location, acreage, and other data. SITLA has a growing renewable energy portfolio comprising geothermal, wind, solar, and energy storage. Renewable energy leases have generated $5.8 million in… Read more »

SITLA Completes Aspen Project on Tabby Mountain Block

In late 2019, SITLA launched and completed a 150-acre aspen regeneration project on the agency’s Tabby Mountain Block. This short video, presented to the Utah Legislature last week, documents this successful project. SITLA Forester Adam Robison coordinated and led the project, secured grant funding, researched and selected a project site, and worked alongside a timber… Read more »

SITLA FY2019 Annual Report
SITLA Deposits $76M Into Trust Land Beneficiary Endowments

SITLA deposits $76 million into 12 permanent endowments for education, hospitals, universities The Utah School and Institutional Trust Lands Administration, SITLA, reported net contributions of $76,027,304 to the permanent endowments for K-12 education and 11 other trust land beneficiaries, including state hospitals, colleges, and universities. SITLA earned $89.9 million in revenue from energy, mining, real… Read more »

SITLA Trust Land Auction Earns $344K for Schools, UofU College of Mines

SITLA held its biannual public auction this week generating $343,900 for two beneficiary endowments, public schools and the University of Utah College of Mines and Earth Sciences. The seven parcels sold totaled a combined 315 acres and are located in Duchesne, Emery, Garfield, and Sevier counties. By law, SITLA retains the mineral estate. All proceeds… Read more »

Treasurer Damschen Announces Record Distributions

Utah State Treasurer David Damschen 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 $88.83 million from the Permanent State School Fund in July 2020 – a 7.5% increase from this year’s distribution of $82.66 million and a 20% increase… Read more »

Back to School with $82.66 Million in Trust Funds

As the new school year begins with a record $82.66 million in School LAND Trust Funds, the School Children’s Trust Section at the Utah State Board of Education urges parents to join their School Community Councils and determine how to best spend their school’s trust funds. Every K-12 school in Utah has its own School… Read more »