For the 2025–2027 budget period, the law provides money for the lands commissioner, sets distributions for state institutions, and requires a review of trust-land opportunities.
The law sets aside $11,960,015 from special funds for the lands commissioner's expenses during the two-year period beginning July 1, 2025.
The board must distribute $617,283,338 from permanent funds to common schools and other listed state institutions during the 2025–2027 period.
The lands and commerce commissioners must look for ways to diversify revenue and develop trust lands. The lands commissioner must report the results to the next legislative assembly's appropriations committees.
The law sets aside special-fund money for the lands commissioner's expenses. The appropriation covers salaries and wages, a new and vacant full-time position pool, operating expenses, and contingencies. The new and vacant position pool cannot be spent directly; the commissioner may ask to transfer money from it under House Bill 1015's guidelines and reporting rules. The appropriation covers July 1, 2025, through June 30, 2027.
The board of university and school lands must distribute money from permanent funds to listed state institutions. Recipients include common schools, state colleges and universities, and other named state institutions. The funds are managed for the benefit of the listed institutions. The distributions are for the period from July 1, 2025, through June 30, 2027.
The lands commissioner and commerce commissioner must work together to identify trust-land opportunities, and the lands commissioner must report the results. The work concerns ways to diversify revenue and develop trust lands. The commissioners must work together during July 1, 2025, through June 30, 2027; the report is for the seventieth legislative assembly.
No hearings or votes scheduled.