What is the process for bringing a sale or lease of State Trust Land to auction?
Both the purchasing and the commercial leasing process is initiated by an application, completed by the applicant in consultation with Department staff, and filed with the Land Department. Submission of an application does not guarantee that the land will be sold. If a determination is made at any point during the process that a sale or lease would not be in the best interest of the Trust, the application may be denied. The Trust cannot subsidize development for any purpose, no matter how commendable, at the expense of its beneficiaries. It is the Land Department’s responsibility – on behalf of the beneficiaries, public schools and other state public institutions – to enhance value and optimize economic return of state trust resources. All Trust Land transactions must be in furtherance of this mission. The Department created a Five Year Plan as a management tool to help prioritize the disposition of lands. It takes into consideration numerous attributes of each parcel, including market
Related Questions
- Would MH construction projects on Indian trust land be considered even the lease terms on trust land can only be for 50 years (25 years with renewable provisions for an additional 25)?
- What is the process for bringing a sale or lease of State Trust Land to auction?
- What is the process for annexing State Trust Land?
