The School and Institutional Trust Lands Administration (SITLA) manages a land portfolio granted by Congress with the mission to generate revenues for state public schools, hospitals, teaching colleges, and universities. The revenues come from:
- Oil, gas, and mineral leases, rents, and royalties
- Real estate development and sale
- Surface estate sales, leases, and easements
The revenues go into individual trust funds, which are invested by the State Treasurer. The income earned from each trust fund is distributed to its beneficiary.
During the 2015 General Session, the Legislature appropriated for Fiscal Year 2016, $17,714,600 from all sources for School and Inst Trust Lands. This is a 7.3 percent reduction from Fiscal Year 2015 revised estimated amounts from all sources.
In addition to statewide compensation and internal service fund cost increases, the following appropriation adjustments were made during the 2015 General Session:
The following are performance measures tracked within this organization.
COBI contains unaudited data as presented to the Legislature by state agencies at the time of publication. For audited financial data see the State of Utah's Comprehensive Annual Financial Reports.