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Study group backs keeping beneficiary advocacy office; bill would add reporting rules and 'slow the flow' authority
Summary
A legislative study group recommended keeping an independent beneficiary advocacy office for trust lands and adopted a statutory draft that adds accountability and reporting requirements for institutional beneficiaries, clarifies governance and gives the treasurer limited authority to temporarily reduce distributions under specified conditions.
An interim legislative study group convened after a 2024 audit recommended changes to the trust system has proposed preserving an independent beneficiary advocacy office, adding beneficiary reporting requirements and giving the state treasurer conditional authority to reduce distributions in exceptional cases.
Liz Mumford and Kim Christie from the Land Protection and Advocacy Office presented the study group’s results on Oct. 14. Mumford said the office was created by HB 404 in 2018 and is a small operation of "less than $700,000 and just 3 FTE." She described the office’s statutory purpose as advancing the rights and interests of trust beneficiaries and said the largest beneficiary is public…
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