Working to ensure trust lands remain an endowment for today's and future generations of schoolchildren as intended since the founding of our country.
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This project sits on Utah state trust lands & covers 82.7 acres. A 50-year lease was granted on the property. Annual rental paid to Trust will be $85,600 the first five years.
How do School Trust Lands support schools?
Trust lands are intended to be used productively to maximize revenue for public schools. In most states, the revenue generated is deposited into the state permanent fund and the earnings then distributed to schools.
States have the responsibility as legal trustees to maximize revenues and ensure permanent funds are properly managed for current and all future generations of schoolchildren.