How are State Trust Lands currently managed?
State trust lands are managed to generate revenue for trust beneficiaries. The state is required to lease or sell trust land, along with the natural products (forage, timber, minerals, etc.) of the land, to the “highest and best bidder.” Depending upon the type of revenue, it is legally earmarked to be deposited for one of two uses, into a “permanent” fund, or into an “expendable” fund. Each fund must be used in accordance with laws governing that particular fund.
