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State trust lands agency reports $130 million revenue, highlights geothermal, coal and industrial development
Summary
The State School and Institutional Trust Lands Administration told lawmakers it generated nearly $130 million in FY 2024 for beneficiaries, described new geothermal exploration acreage and cited the Fossil Rock coal mine and Fort Pierce industrial park as recent successes.
Michelle McConkie, director of the State School and Institutional Trust Lands Administration (SITLA), told the appropriations subcommittee that the agency, which manages land and mineral assets for school beneficiaries, produced nearly $130 million in revenue in fiscal year 2024 and distributed roughly $112 million to beneficiaries (about $106 million to public schools).
McConkie said SITLA manages about 3.3 million surface acres and about 4.5 million acres of mineral estate (minerals remain with the trust even when surface…
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