School Trust Lands


School Trust Lands

Generating Revenue

photo: Drill bitState law provides that it is the goal of the permanent school fund to secure the maximum long-term economic return from the school trust lands consistent with the fiduciary responsibilities imposed by the trust relationship established in the Minnesota Constitution, with sound natural resource conservation and management principles, and with other specific policy provided in state law. Minnesota Statute, Section 127A.31.external link

Revenue generated from school trust land is deposited into the permanent school fund which is managed by the State Board of Investment. Interest and dividends from the permanent school fund is distributed to schools districts based on the number of students.

 

Revenue from the school trust lands comes from:

  • Mineral Leases - Iron Ore/Taconite, Nonferrous Metallic Minerals, Industrial Minerals, and Others
  • Timber Sales
  • Surface Leases - Gravel, Hunting Cabins, Miscellaneous, Agriculture, and Others
  • Utility Licenses
  • Easements
  • Sale of Land
  • State Forest Campground Fees

photo: Gross Revenue for 2009 pie chart.