Tools to Address Underperforming Land Assets
Morningstar Natural Resources Conservation Area
Under this focus area, the Washington State Department of Natural Resources (DNR) will work toward positioning state trust lands to increase revenue while safeguarding the natural resources that make Washington a great place to live. Positioning can be achieved through transfer, exchange, purchase, or sale of state trust lands.
As part of this effort, DNR may revitalize and improve existing land portfolio management tools to make them more effective, and develop new tools as necessary. In addition, DNR may examine current regulations on transacting state trust lands, such as statutes, the state constitution, or the Enabling Act, to identify adjustments needed need to make land transactions more efficient. DNR also may examine new ways to cover expenses for services that do not benefit the trusts directly.
Project: Trust Land Transfer
Initiated in 1989, Trust Land Transfer is an innovative tool for the Washington State Legislature, through the Department of Natural Resources (DNR), to address several trust land management needs of the Common School Trust:
- Transfer out of economically under-performing state trust lands;
- Acquire funds to purchase replacement lands with higher long-term income producing potential;
- Direct funds to the K-12 Common School Construction Account; and
- Conserve lands that have high ecological or social values.
As part of the 2021-23 Capital Budget, the Washington State Legislature directed DNR to convene a work group of state trust land beneficiaries and stakeholders to develop recommendations for the way Trust Land Transfer proposals are developed and implemented. In addition, the proviso directs DNR to report and make recommendations to the legislature for the establishment of a new Trust Land Transfer program by December 1, 2021 (SHB 1080 Sec. 3333).
About the Trust Land Transfer Work Group
Trust Land Transfer Work Group Meetings
Work group meetings are open to the public and currently are being held remotely through Zoom.