State Trust Beneficiary

 

Eastern New Mexico University is a beneficiary of the state trust. There are twenty-two beneficiaries of the state trust that include public schools, universities and hospitals. Ray Powell, Commissioner of Public Lands is an elected state official responsible for administering the state’s land grant trust. Thirteen million acres of land were granted to New Mexico in 1898 and 1910. Each tract is held in trust for the public schools, universities, as well as special schools and hospitals that serve children with physical, visual, and auditory disabilities. The State Land Office strives to maintain a balanced approach in its administration of these lands, maximizing returns to the trust's beneficiaries while preserving the lands and the plants and animals that inhabit them- for future generations of New Mexicans.  In fiscal year 2010, the trust lands and permanent funds produced more than $420 million in income for the beneficiaries.  “When we take care of our land, our land takes care of us!”  Click on the link to learn more about the New Mexico State Land Office  www.nmstatelands.org.