Utah Trust lands are parcels of land held in trust to support 12 state institutions, primarily public schools, but also state hospitals, teaching colleges, and universities. While 67 percent of Utah is held in public domain, only about six percent of the state’s acreage is set aside as trust lands.
On behalf of beneficiaries, SITLA manages Utah’s 3.4 million acres of trust land generating revenue through oil, gas, and mineral leases, rent, and royalties; real estate development and sales; and surface estate sales, leases, and easements.
All proceeds are deposited into permanent endowments for each beneficiary. Since 1994, SITLA has generated $1.5 billion in revenue to help grow the Permanent School Fund from $50 million to just over $2 billion.