News

Trust Lands Are Site for New Hospital in Washington County

SITLA finalized a development project with Steward Health Care, the nation’s largest private, physician-owned health care network. Steward will build a new state-of-the-art hospital on trust lands in Washington County. The new hospital will be located within the City of Washington at the milepost 13 interchange off Interstate 15. Washington connects with St. George and… Read more »

Land Trusts Protection & Advocacy FY 2020 Reports

The Utah Land Trusts Protection and Advocacy Office released its FY 2020 Annual Report and FY 2020 Beneficiary Reports. These reports outline the Utah School and Institutional Trust System revenue, investments, and distributions for July 1, 2019 through June 30, 2020.    The Utah Legislature created the Land Trusts Protection and Advocacy Office in 2018…. Read more »

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… Read more »

$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… Read more »

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… Read more »

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… Read more »

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… Read more »

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,… Read more »

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 »