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DNRC proposes joint‑venture development on trust lands to unlock housing; members ask about auctions and trust proceeds
Summary
House Bill 379 would let the Department of Natural Resources and Conservation lease trust land to developers under commercial joint ventures, enabling subdivision and later sale of lots to support housing while preserving land‑bank replacement requirements; the DNRC says sales proceeds would be reinvested to benefit trust beneficiaries, and members pressed constitutional and public‑value questions.
Representative Larry Brewster opened HB 379 on behalf of the Department of Natural Resources and Conservation (DNRC), describing a proposal to merge the commercial leasing and land‑banking programs to facilitate housing development on parcels in the path of growth. "This bill does exactly what it says in the title," Brewster said, framing the proposal as an additional tool to generate revenue for trust beneficiaries while supporting local housing needs.
Deidra Kloberdans, Real Estate Management Bureau Chief at DNRC, told the committee the department manages more than 5.2 million surface acres for multiple trust beneficiaries…
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