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3 golden objects Minnesota Legislature

Office of the Legislative Auditor - Program Evaluation Division

School Trust Land

March 2, 1998

This report examines the performance of the Department of Natural Resources in managing school trust land that was granted to the state by the federal government in the 19th Century for the "benefit of schools." Income from the land is invested and the proceeds are distributed to schools. The performance of the State Board of Investment is also examined.