HB0421 | School Land Trust Program Amendments

Description
General Description: 

This bill modifies the percentage of revenue from trust lands that is distributed from the Land Grant Management Fund.

Highlighted Provisions: 

 Proposes to make complementary changes to the Utah Code to modify the percentage of revenue from trust lands that is distributed from the Land Grant Management Fund. They removed the sentence under 53F-2-404 that limits distribution to 3%, and changed Section 53F-9-201under Trust distribution by removing 4% and increasing it to 5%.

Bill Details
Bill Number: 
HB0421
Year: 
2023
Status: 
Governor Signed
Last Action: 
Mar 15, 2023
Sponsor
Representative
Jefferson Moss
Republican - District 51
Fiscal Note
Fiscal Note Amount: 
$0
None
View Fiscal Note
Utah PTA Response
Utah PTA Position
Support
Utah PTA Resolution: 
EDU 2015-1 | School Trust Lands
Impact on Children: 

Conditions have demonstrated that the current Constitutional and statutory 4% restrictions have caused the distribution policy to not meet required intergenerational equity standards by favoring future over present beneficiaries.

Commission: 
Trust Lands
Utah PTA Public Policy Program
National PTA and Utah PTA Resolutions: 

That Utah PTA encourage State and local officials to take all necessary steps to assure that management of the School Trust Lands is in accordance with trust duties and principles including undivided loyalty to the beneficiaries, a duty to make trust property productive, a duty to keep and render accounts, and a duty to exercise prudence and skill in administering the trust, thereby obtaining much-needed revenue for Utah's public schools;