Managing State Trust Lands Fiduciary Duty in the Changing West
Texas Trust Land
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Texas General Land Office 1700 N. Congress Ave., Suite 840 Austin, Texas 78701-1495 512-463-5001 |
| Of Interest | |
|---|---|
| State Resources | |
| Current Land Holdings | 20.3 million surface and mineral right acres (48.3 percent of original land grant of 42 million acres) |
| Uses | grazing, timber, oil, gas, commercial sites |
| Primary Revenue Source | oil and gas leases, real estate trades and sales and sustainable energy development |
| Trust Requirements | Lands are held in trust pursuant to the state enabling act and state constitution. Lands are managed by the Texas General Land Office under the direction of a state land commissioner who is an elected official. Moreover, there is a School Land board comprised of the commissioner and two additional members. |
| Beneficiaries |
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