The federal government owns nearly half of Arizona’s land. In addition, 9,228,787 acres of trust land is owned by the state government. These trust lands are under one or more leases for natural resource uses and commercial development purposes. About 87 percent of the trust lands are in the common school trust, which receives approximately 90 percent of all state trust revenues. But, the proceeds of the trust are not dispersed. Why?
Learn more by reading Should the Permanent Fund Sit On Its Assets?, an examination of the Arizona Permanent Land Endowment Trust Fund’s recent endowment policy and the impact of possible payout reforms. by Scott Beaulier, executive director of the Center for the Study of Economic Liberty.