Managing State Trust Lands Fiduciary Duty in the Changing West

Idaho Trust Land

click map to enlarge	Idaho Department of Lands 954 West Jefferson P.O. Box 83720 Boise, Idaho 83720-0050 208-334-0200 George Bacon, Interim Director
Of Interest	Idaho Trust Lands and Education Funding
State Resources	Idaho Department of Lands 2005 Annual Report Trust Land Management in Idaho Idaho FY 2005 Revenues
Current Land Holdings	2.5 million surface acres; 3 million subsurface acres (68 percent of original land grant of 3.7 million acres)
Uses	grazing, timber, mining of minerals, commercial leases, and land sales for commercial development
Primary Revenue Source	timber
Trust Requirements	Generally referred to as “endowment lands,” these lands are held in trust pursuant to the state enabling act and state constitution, but without an express indication that these lands are to be held in trust. There are a series of restrictions on the use of these lands and the proceeds from such uses, including requirements to “secure the maximum long-term financial return” to the beneficiary and to prohibit the sale of lands for less than the “appraised price.” Lands are managed by the Idaho Department of Lands (IDL), Idaho State Board of Land Commissioners (ISBLC), consisting of the governor, superintendent of public instruction, secretary of state, attorney general, and state controller, and led by the director of the IDL who is appointed by the ISBLC.
Beneficiaries	common schools University of Idaho an agricultural college a scientific school penitentiaries insane asylums the state university normal schools charitable, educational, penal, and reformatory institutions agricultural and mechanical colleges public buildings