Bill > HB0483

This bill modifies provisions related to the School and Institutional Trust Lands Administration (SITLA), introducing several key changes. The bill requires the director to complete an approximate valuation of the administration's land portfolio every five years, with at least 10% of the portfolio valued annually. It mandates an annual report that must include the administration's activities, audited financial statements, land portfolio valuation, and total funds distributed to the School and Institutional Trust Fund Office. The bill also updates penalties for illegal activities on trust lands, adding an infraction level for actions that cause no property damage or financial loss. Additionally, the bill introduces a new provision allowing long-term lease or permit holders (those with 25+ consecutive years) the opportunity to purchase up to 640 acres of trust lands at fair market value, provided certain conditions are met, such as no existing public access and director approval. The changes aim to improve transparency, accountability, and management of trust lands, with the bill set to take effect on July 1, 2025. The modifications address various aspects of land management, reporting, and potential sales, seeking to balance the interests of trust beneficiaries and current land users.

Agriculture and Natural Resources, Education

https://le.utah.gov/~2025/bills/static/HB0483.html