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Senate advances plan to move school trust lands fund toward endowment model
Summary
Senate Bill 109 would shift Utah’s School and Institutional Trust Lands Fund toward an endowment‑style management and set a conservative 4% distribution ceiling; sponsor said the fund is approximately $2 billion and the change aims to balance current distributions with long‑term growth.
The Utah State Senate on the morning calendar advanced Senate Bill 109, a measure that would change how the School and Institutional Trust Lands Fund is managed and how distributions to schools are calculated.
Sponsor Senator Milner told colleagues the trust lands fund has grown substantially and argued the state should manage it more like a modern endowment. "This fund has grown significantly, in the last 25 to 30 years. It is now a $2,000,000,000 fund," Milner said while explaining that the bill would establish a distribution policy based on a rolling 12‑quarter average and cap…
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