Land Board announces record distributions

BISMARCK – Historic distributions of nearly $752 million have been granted for the 2027-2029 biennium to beneficiaries of the University and School Lands Trust, according to an announcement by the Department of Trust Lands on behalf of the Board of University and School Lands (Land Board). The distributions reflect strong growth in asset values that have allowed an increase in average distributions of 23% over the previous biennium, the department stated. Minot State University and Dakota College at Bottineau each will receive $494,000. The Land Board distributions have provided an ongoing source of funding for decades. The money is appropriated by the Legislature as part of support for the overall operating budgets of the universities and colleges, according to MSU information. The Land Board, in close collaboration with Trust Lands staff, manages more than 700,000 surface acres, 2.6 million mineral acres and 13 permanent trusts.

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