Managing State Trust Lands Fiduciary Duty in the Changing West

Oklahoma Trust Land

click map to enlarge	Oklahoma Commissioners of the Land Office PO Box 26910 Oklahoma City, OK 73126-0910 Paragon Building 5801 Broadway Ext., Suite 200 Oklahoma City, OK 73118 405-604-8100
Of Interest	Oklahoma Trust Lands and Education Funding
State Resources	CLO 2008 Annual Report Oklahoma FY 2008 Revenues
Current Land Holdings	750,000 surface acres; 1.35 million subsurface acres (25 percent of original land grant of 3 million acres)
Uses	minerals (oil), agricultural leases, commercial leases
Primary Revenue Source	leases
Trust Requirements	Lands are held in trust pursuant to the state enabling act and state constitution. The Commissioners of Land Office is responsible for administering the school land trust funds. The CLO is comprised of five Commissioners: the governor, lt. governor, state auditor and inspector, superintendent of public instruction, and president of the board of agriculture. The chief administrative officer is the Secretary to the Commissioners of the Land Office.
Beneficiaries	common schools universities colleges