Managing State Trust Lands Fiduciary Duty in the Changing West

Utah Trust Land

click map to enlarge	Utah School and Institutional Trust Lands Administration 675 East 500 South, Suite 500 Salt Lake City, UT 84102 801-538-5100 Kevin Carter, Director
Of Interest	Utah Trust Lands and Education Funding
State Resources	UT The Utah Trust Lands 2006 Annual Report Trust Land Management in Utah Utah FY 2005 Revenues
Current Land Holdings	3.5 million surface acres; 4.5 million subsurface acres (47 percent of original land grant of 7.5 million acres)
Uses	grazing, mining of oil, gas, and minerals, and land sales for commercial development
Primary Revenue Source	mining of oil and gas
Trust Requirements	Lands are held in trust pursuant to the state constitution that establishes a permanent state school fund derived from the proceeds of trust land sales and revenues from nonrenewable resources. Lands are managed by the School and Institutional Trust Lands Administration (SITLA) board of trustees, consisting of seven members appointed by the governor with the consent of the Senate, and led by a director who is appointed by a majority vote of the board.
Beneficiaries	common schools water reservoirs an insane asylum a school of mines asylum for the deaf and dumb a state reform school normal school a miners’ hospital state agricultural college University of Utah public buildings