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State Land Department seeks new revenue‑development officer and unclaimed property compliance FTE; highlights Common Schools Trust Fund growth
Summary
The State Land Department presented fund balances and proposed two revenue‑generating positions — a diversified revenues officer and an unclaimed property compliance officer — and summarized the Common Schools Trust Fund's growth and distribution impact on state school aid.
A State Land Department representative provided the committee with an updated snapshot of permanent fund balances, discussed the Common Schools Trust Fund’s growth and distribution trends, and proposed two new positions aimed at revenue generation and compliance. The presenter described the Common Schools Trust Fund balance, the distribution formula used for certain trust funds and the fund’s increasing share of school aid.
On diversification, the department proposed hiring a "diversified revenues officer" (business development role) to…
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