Managing State Trust Lands Fiduciary Duty in the Changing West

Alaska Trust Land

click map to enlarge	Alaska Department of Natural Resources Division of Mining, Land & Water 550 West 7th Avenue, Suite 1070 Anchorage, AK 99501-3579 907-269-8600
Of Interest	Alaska School Trust lands are currently under litigation to determine how the resources and revenue get to the schools. Historically, the revenues from the School Trust lands have not gone directly to education, but have been lumped together with all State Land revenues which are given to the State as a whole and funding is decided upon by the legislature. Additionally, there is The Trust Land Office which manages ~ 1 million acres on behalf of the Alaska Mental Health Trust Authority.
State Resources	Trust Land Office 2005 Annual Report Alaska FY 2005 Revenues
Uses	Timber, residential/commercial real estate sales and leasing, mining of minerals, materials production, oil and gas leasing, and coal production
Primary Revenue Source	Timber sales account for half of the mental health state trust lands
Trust Requirements	Lands are held in trust pursuant to the Alaska Statehood Act. Lands are managed by Department of Natural Resources division of land, mining and water under the direction of a director.
Beneficiaries	public schools universities mental health including Mental Illness Developmental Disabilities Chronic Alcoholism Alzheimer's and Related Disorders