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House approves changes to school trust governance, adds term limit for independent director

Utah House of Representatives · February 27, 2017
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Utah House passed HB 291 to create an independent director for the School Children—s Trust Section and strengthen fiduciary protections; an amendment limiting the director to two terms passed after debate about oversight and independence.

The Utah House on Feb. 27 passed HB 291, a measure that creates an independent director position for the School Children—s Trust Section intended to strengthen fiduciary protections for land and funds that benefit public schools.

Sponsor Representative Noel introduced the bill as a needed safeguard for the nearly 3 million acres managed by the School and Institutional Trust Lands Administration (SITLA) and to protect the financial interests of schoolchildren, citing letters from…

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