Frequently Asked Questions (FAQs)
What revenues have we earned to date?
What is the difference between the Land Grant Permanent Fund (LGPF) and the Land Maintenance Fund?
The permanent fund is generated by royalty payments from non- renewable resources (oil, gas and mineral production) and deposited into the permanent fund. The State Investment Council (SIC) manages the permanent fund and distributes it to the beneficiaries.
The Maintenance Fund is generated by revenue from renewable resources: leases, rights-of-way and interest. Three percent pays for the State Land Office operating expenses (approved by the Legislature) and 97 percent is distributed to the beneficiaries.
How is the beneficiary amount determined?
The distribution is made to the permanent fund on behalf of the beneficiary. The funds are invested and their ending market values is part of the formula used by the State Investment Council ( SIC) to distribute monthly funds to the beneficiaries. The actual distributions are on pages 9 -10 of the Monthly Financial Report.
What are the projections for the beneficiaries?
The State Land Office does not publish projections as they could create expectations on the part of the beneficiaries that may not be realized.
What are the historical revenues?