Page 2 - Utah School and Institutional Trust Lands System_Booklet_2020
P. 2
NEARLY
3.4 M 4.5 M $ 2.5 B
SURFACE ACRES SUBSURFACE ACRES
TRUST FUND BALANCE
Mineral, Oil, & Gas Revenue
Development & Planning Revenue
Trust Fund Distribution
Investment
Surface/Land Use Revenue
Renewable Resource Revenue
SITLA manages Utah’s nearly 3.4 M surface acres and 4.5 M SITFO invests the nearly $2.5 B permanent trust funds
subsurface acres of school and institutional trust lands, investment portfolio, distributing constitutionally mandated
depositing revenue into the trust funds. amounts each year to the trust beneficiaries.
TRUST LAND MANAGEMENT TRUST FUND INVESTMENT
SITLA manages Utah’s trust lands to optimize land SITFO invests the nearly $2.5 B permanent trust
revenue and value while balancing the short and long- funds investment portfolio, distributing constitutionally
term needs of the current and future beneficiaries. mandated amounts each year to the trust beneficiaries.
SITLA policies are determined by a seven-member SITFO policies are determined by a five-member
board of trustees. Board members are appointed on board of trustees, consisting of the state treasurer
a nonpartisan basis by the governor with the advice and four additional members appointed by the
and consent of the Senate from a list of qualified state treasurer on a nonpartisan basis from a list
candidates nominated by the SITLA Nominating of qualified candidates nominated by the SITFO
Committee. Board members are appointed for Nominating Committee. Board members are
nonconsecutive terms of six years. appointed for nonconsecutive terms of six years.
UCA §53C UCA §53D 1
