The Trust Land Office is a unit within the Department of Natural Resources that is contracted exclusively by the Trust to manage its approximately one million acres of land and other non-cash assets to generate income.
Revenue-generating uses of Trust land include land leasing and sales; real estate investment and development; commercial timber sales; mineral exploration and production; coal, oil and gas exploration and development; sand, gravel and rock sales; and other general land uses. In addition to revenue generation, the TLO is charged with managing Trust lands prudently, efficiently and with accountability to The Trust and its beneficiaries. The TLO carries out its stewardship role by managing and protecting the inherent value of The Trust’s real property portfolio for today’s development opportunities and into perpetuity.
Why does the Trust own land?
Prior to statehood, Alaska did not have a mental health system. Individuals with a mental disability, such as a mental illness, Down syndrome, dementia or chronic alcoholism, could be charged as an “insane person at large” and sent by the federal government to a mental hospital in Oregon. In 1956, Congress passed the Alaska Mental Health Enabling Act, entitling the Territory of Alaska to select one million acres of federal land to be used for revenue generation to support mental health services after Alaska became a state.
For more information about Trust Land Office, visit their website.