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County board approves amendment to create Tom Rookovina mineral‑royalty scholarship endowment
Summary
The St. Louis County Board voted to direct county administration and the auditor to establish an endowment for the Tom Rookovina mineral‑royalty scholarships, moving roughly $2.2 million in corpus funds into a protected account and authorizing an evergreen agreement; supporters said the change locks in the scholarship’s future, while critics warned it ties up flexible funds amid budget pressures.
The St. Louis County Board on Wednesday approved an amendment directing county administration and the auditor to establish an educational endowment for the Tom Rookovina mineral‑royalty scholarships and to deposit the existing corpus into that endowment by Dec. 14, 2026.
Commissioner Boyle introduced the amendment and read the resolution text, which also authorizes county officials to execute an evergreen agreement and continues annual scholarship disbursements from the endowment once the fund goal is reached. "This was the spirit of the Rookovina Scholarships when we first came on this a number of years ago," Boyle said, urging support for preserving the program "in…
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