Lawmakers seek to develop more school trust lands
Wednesday, December 11, 2019
Facing diminishing fossil-fuel income, lawmakers want Wyoming to take a proactive approach to develop some of the state’s 3.6 million acres of trust lands, and recently backed a bill to jump-start that initiative.
Supported by a legislative committee, the draft bill would require the Office of State Lands and Investments to solicit proposals for the “sale, transfer, lease, development or exchange” on school trust and other state trust lands. The deadline for soliciting the proposals would be Aug. 1, 2020.
By October, the office would submit a plan for development, including commercial, retail, industrial, agricultural, recreational and residential development. The development would “maximize the value of the parcels to the greatest extent possible.” Most of the trust land, which the federal government gave to Wyoming at statehood, is dedicated to funding education.