Managing State Trust Lands Fiduciary Duty in the Changing West

South Dakota Trust Land

click map to enlarge	South Dakota Office of School and Public Lands 500 East Capitol Avenue Pierre, SD 57501-5070 605-773-3303
Of Interest	South Dakota Trust Lands and Education Funding
State Resources	Office of School and Public Lands 2008 Annual Report South Dakota FY 2008 Revenues
Current Land Holdings	803,000 surface acres (23 percent of original land grant of 3.5 million acres); 5.2 million subsurface acres (added after original grant)
Uses	agriculture, grazing, oil, gas, sand and gravel
Primary Revenue Source	oil and gas leases
Trust Requirements	Lands are held in trust pursuant to the state enabling act and state constitution. Office of the Commissioner of School and Public Lands established to manage these lands under the direction of an elected commissioner. School Lands are leased at public auctions for grazing and agricultural purposes with lease terms of five years with a renewable five-year option. Lease rates are set by statutory regulation.
Beneficiaries	common schools universities a school of mines schools for the deaf and blind juvenile corrections State Training School Development Center in Redfield