The Minnesota Legislature established the Office of School Trust Lands (OSTL) in 2012 in conjunction with the reorganization of the Legislative Permanent School Fund Commission. The fiduciary obligations expressed in the Minnesota Constitution and state law guide OSTL's work to ensure that we optimize the diverse portfolio of school trust assets for Minnesota's public schoolchildren. As a trustee, we have legal and ethical responsibilities to act solely in their best interest. OSTL has three core functions:
1) Advises the Governor, Executive Council, and Department of Natural Resources on school trust management activities;
2) Works in conjunction with the Permanent School Fund Commission on legislation to improve school trust assets; and
3) Develops long range strategic plans to ensure school trust resources are optimally managed for current and future beneficiaries.
We work to advance the school trust legacy by proposing legislative initiatives to secure the maximum long-term revenue from school trust assets. We also educate the trust's beneficiaries on the fund's financial value and annual distributions to K-12 public schools. Additionally, we further the fund's goals by collaborating on strategies to ensure efficient trust management and pursuing yet-to-be envisioned products and services from school trust lands.
Optimize school trust benefits for every generation of public school students.
Advocate for sustainable asset management strategies that maximize revenue for Minnesota’s public schools.