Each tract of land is tied to a specific beneficiary. Activities (usually documented in a lease or other legal instrument) on the tract of land determine the type of revenue earned – that is whether it is rental income (from rental leasing, bonuses, interest or miscellaneous activity) or royalties (from the sale of land or extraction of minerals). Any activity that generates income from any source is credited to the land/beneficiary that earned that income.

Rental Income is earned through the leasing of land. The amount due each beneficiary depends on the terms of the lease and the activity that generates the income. The income for the month net of SLO expenses is distributed to the earning beneficiary at the end of each month.

Royalty income is based on the extraction of minerals pursuant to a lease and the amounts are lease terms dictate the amount of royalty to be paid. Payments are processed and transferred to the Land Grant Permanent Fund on behalf of the earning beneficiary.

The State Land Office does not publish projections as they could create expectations on the part of the beneficiaries that may not be realized.

Review historical revenues