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Celebrate wildly — it’s School Trust Lands Day in Minnesota


Gov. Mark Dayton has declared today “School Trust Lands Day,” to commemorate the state’s 2.5 million acres of land and 1 million acres of mineral rights that benefit Minnesota schools.

The lands raise money for the state through timber sales, wild rice leases, mining leases, campground fees, lakeshore leases, utility licenses, and rents and royalties on taconite, says the proclamation.

The land is managed by the DNR, and the revenue is invested by the State Board of Investment.

Interest and dividends generated $27 million in 2009 for Minnesota students, Dayton said.

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State Rep. Denise Dittrich, a DFLer from Champlin, said a 2008 law plugged a “long-unnoticed leak in the Permanent School Trust Fund funneling interest earnings into the state’s General Fund rather than directly to school districts.”