State Trust Lands in the West: Fiduciary Duty in a Changing Landscape
Lincoln Institute of Land Policy, 2006 - Nature - 56 pages
Concentrated in nine western states, 42 million acres of state trust land represent an important public resource. Trust land managers, responsible for upholding the fiduciary purpose of these lands for the designated beneficiaries—primarily K-12 public schools—must actively and deliberately take advantage of opportunities to generate revenues while ensuring the long-term sustainability of the trust. This policy focus report offers an overview of the history and unique aspects of state trust lands and presents examples of new management strategies and tools that focus on asset management, residential and commercial development, conservation use, and collaborative planning.
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Unique Features of State Trusts
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Annual Report FY Ariz asset management beneﬁt Board of Land charitable trust collaborative planning Colorado Commercial Leases common schools conﬂicts constitution Department of Natural ecosystem services Enabling Act environmental ex rel ﬁduciary duty FIGURES ON NINE ﬁrst ﬂexibility Gas Revenue grazing held in trust Idaho identiﬁed Institutional Trust Lands Land Board Land Commissioners land sales Lands are held Lincoln Institute Mexico million acres Minerals Revenue Montana Morrison Institute Natural Resources NINE WESTERN Northwest Ordinance Oil and Gas Oregon original land grant permanent fund public auction public trust doctrine Ravalli County real estate development Report FY 2005 Revenue and Royalties school trust signiﬁcant smart growth Sonoran Institute speciﬁc stakeholders Stat state’s timber Total may vary Total Revenue Total Subsurface township trust assets trust beneﬁciaries trust land management Trust Lands Administration trust managers trust pursuant trust responsibility U.S. Supreme Court University of Idaho Utah