School Land Board and University Lands explain mineral leasing and the Permanent University Fund
Witnesses told the committee University Lands manages roughly 2.1 million acres for the Permanent University Fund and that recent lease activity generated $50 million in bonus revenue; University Lands explained the PUF/UTEMCO investment and distribution process and fielded questions about how distributions are used by beneficiary institutions.
The full story
University Lands and the School Land Board briefed the committee on their stewardship of lands that support higher education endowments.
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