The School and Institutional Trust Lands Administration sold two parcels of school trust land at its biannual public auction held June 25, earning $656,000 for Utah’s public schools. The 34.91-acre Buffalo Hollow parcel in Emery County sold for $46,000.
Location: Township 18 South, Range 9 East, SLB&M Section 2: Within Lots 3 and 4.
SITLA also sold a 364-acre Sweetwater parcel in Sevier County for $610,000.
All proceeds from sales of school trust land are deposited into the Permanent School Fund. Interest and dividends from the $1.87 billion trust fund are distributed annually to Utah’s public schools. Last year, K-12 schools received $37.4 million, of which the Emery School District received $213,075.
The agency holds its next land sale auction Thursday, October 30.
SITLA sells parcel of land in Emery County
"SITLA sold the Buffalo Hollow parcel near Lawrence at their June land sale."