Posted: Dec 20, 2010 5:13 PM by Marnee Banks (Helena)
Updated: Dec 20, 2010 5:17 PM
The State Land Board wrapped up its 2010 land deals on Monday by presenting a $133-million dollar check to Montana public schools.
The State Land Board manages 5.2 million acres of land and 6.2 million acres of mineral estate in Montana.
The top five elected state officials buy and sell land, lease mineral rights, and manage cabin-site leases; all money generated from the Land Board's decisions goes to fund public education.
Denise Juneau, the state Superintendent of Public Instruction, noted, "Each decision is filled with all of those ideas of how to balance the long-term benefits versus generating revenue now. So it is very complicated, they are very complicated issues that come in front of the Land Board, but working together with the DNRC we seem to be generating a lot of money for schools."
The State Land Board not only helps fund K 12 education but also the Montana University System.
This year's check is the largest the Land Board has ever given.
Since 2005 the trust lands have produced more than $430-million dollars for K-12 schools.
The presentation ceremony in Helena kicked off with a musical performance by the Russell Ayres choir from CMR High School in Great Falls.