Managing State Trust Lands Fiduciary Duty in the Changing West

Oregon Trust Land

click map to enlarge	Oregon Department of State Lands 775 Summer St. N.E. Salem, Oregon 97301-1279 503-378-3805 x224
Of Interest	Oregon Department of State Lands Asset Management Plan Oregon Trust Lands and Education Funding
State Resources	Oregon Annual Performance Report FY 2007 Trust Land Management in Oregon Oregon FY 2006 Revenues
Current Land Holdings	772,000 surface acres; 1.5 million subsurface/offshore acres (23 percent of original land grant of 3.4 million acres)
Uses	timber, agriculture, grazing, residential and commercial development, and mining of minerals
Primary Revenue Source	timber
Trust Requirements	Lands are held in trust pursuant to the state admission act and state constitution. Oregon has one of the most general trust management descriptions with laws and constitutional amendments requiring the creation of a “common school fund” for the support and maintenance of common schools. Lands are managed by the Department of State Lands, the administrative arm of the State Land Board, composed of the governor, secretary of state, and state treasurer, and led by a director who is appointed by the board.
Beneficiaries	common schools