School Fund

School Fund

The Utah Enabling Act required the establishment of a permanent school fund. All net proceeds of the trust lands are deposited in the fund. Like an endowment, the principle is never spent; only the interest and dividends are distributed to support public schools. The capital gains are reinvested to grow the fund and its impact on students. The permanent State School Fund has grown from $18 million (1983) to over $1.8 billion (2014) because of the involvement of the education community, the subsequent support of the legislature, increasing revenues coming from the land and the prudent investment of the fund. The Utah Constitution guarantees this fund against loss or diversion.

Auto Saving!