This bill addresses provisions related to school and institutional trust lands.
This bill:
- requires the director of the School and Institutional Trust Lands Administration (administration) to complete a valuation of the administration's land portfolio every five years;
- requires the director to report annually to the Legislature:
the activities of the administration;an approximate valuation of the administration's land portfolio;an audited financial statement of the administration; andan account of the total amount of funds distributed by the administration;
- modifies the list of activities and penalties for illegal activities on trust lands;
- provides the circumstances under which the state shall offer for sale trust lands subject to a lease or permit; and
- makes technical and conforming changes.Statutes affected:
Introduced: 53C-1-103, 53C-1-203, 53C-1-303, 53C-4-102, 53D-1-102, 53D-1-202, 53D-1-304, 53D-1-401, 53D-1-402, 53D-1-403, 53D-1-501, 53D-1-502, 53G-7-1206, 67-4-1
Substitute #1: 53C-1-303, 53C-4-102
Substitute #2: 53C-1-103, 53C-1-203, 53C-1-303, 53C-2-301, 53C-4-102, 53D-1-102, 53D-1-202, 53D-1-304, 53D-1-401, 53D-1-402, 53D-1-403, 53D-1-501, 53D-1-502, 53G-7-1206, 67-4-1
Substitute #3: 53C-1-303, 53C-2-301, 53C-4-102
Substitute #4: 53C-1-303, 53C-2-301, 53C-4-102, 53C-4-301
Enrolled: 53C-1-303, 53C-2-301, 53C-4-102
Substitute #5: 53C-1-303, 53C-2-301, 53C-4-102