What is wyoming state trust land. A Land Trust is also private and fast to set up.

What is wyoming state trust land. Aug 10, 2017 · There are many different types of state land; some are state parks, others are managed by the Wyoming Military Department and Game and Fish manages some land as well, but the vast majority is considered State Trust Land or more commonly known as state land. Why Form a Wyoming Trust? People form trusts for a variety of reasons. The Wyoming Constitution and state laws direct the Board of Land Commissioners (Board) to manage state trust lands for two key purposes consistent with traditional trust principles: 1) long-term growth in value, and 2) optimum, sustainable revenue production. Namely, to protect a beneficiary from poor economic decision making, to protect a beneficiary The Royalty Compliance Section assures timely and accurate payment of royalties in return for the removal of minerals from state lands. 5 million surface 3. Oct 7, 2022 · What are state trust lands? In this post we'll touch on the history, common regulations, and allowed activities. The assets can be money, land, investments, anything considered an asset. The Forum, sponsored by the Ruckelshaus Institute at the University of Wyoming, was held on April 23-24 in Laramie, Wyoming, and brought people from across the Mountain West to discuss innovative uses of state trust lands and find solutions to the challenges A Land Trust is a type of Trust specifically designed to hold and protect real estate. Unlike an LLC, which involves annual fees, public disclosure, and possibly extra taxes, a Land Trust has no such downsides. 2 million acres of land to the State of Wyoming. ”1 Since that time, the Wyoming Wyoming Trust A Wyoming trust is an entity that allows a third party (known as a trustee) to hold onto assets on behalf of a beneficiary or beneficiaries. 5 million surface acres and 3. 9 million mineral Major Beneficiaries: Public Schools (86%) Total Revenue in 2019: $193,877,526 Total Distributions in 2019: $142,440,161 Major Earning Assets: Mineral leasing and royalties, particularly oil and gas Jul 22, 2017 · These lands now total 3. Aug 21, 2025 · When Wyoming became a state on July 10, 1890, the federal government granted approximately 4. Today, there are approximately 46 million acres of state trust land across 23 states. 9 million subsurface acres and are held in trust for the benefit of several beneficiaries, the largest of which is the K-12 school system. The UTC, which has been adopted by 31 states and the District of Columbia, “provide[s] States with precise, comprehensive, and easily accessible guidance on trust law questions. 85 percent of them lie in the Intermountain West—Arizona, Colorado, Idaho, Montana, New Mexico, Oregon, Utah, Washington, and Wyoming. The Board of Land Commissioners is the trustee of trust lands. Use the map viewer to: Search surface or subsurface plat book Search/view state surface and subsurface ownership Search/view surface and mineral leases on state land Search/view state land public access Search/view restrictions and closures on Why has the trust industry become important to Wyoming? In 2003, Wyoming's legislature adopted the Uniform Trust Code (UTC) with the intention of modernizing the state’s trust laws. State trust assets are managed for two key purposes consistent with traditional trust principles: (1 . The law requires state lands be held in trust to produce income to support public schools and other state institutions named in the original grants. A Land Trust is also private and fast to set up. A Land Trust is also the safest way to hold title to all types of real property. This application provides information regarding OSLI land assets and leases that are under the jurisdiction of the State Board of Land Commissioners. State Trust Land is owned by the State and held in a Trust for the benefit of public education in the State and other state institutions. Learn more. Wyoming Trust Lands Managing Agency: Wyoming Office of State Lands and Investments Acres: 3. Issues Forum on state trust lands. 1t 8zcb emy whqy9 bef dnpv 8t0o xlt1 ed9dk 0d