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About the PLETF


The PLETF was established in the Arizona Constitution under Article 10, Section 7. Referring to the map below, privately-held land, shaded white in color, comprises only 14% of Arizona land. State Trust Lands, colored in light blue, were given to Arizona by the Federal Government at statehood as an endowment. The Arizona Constitution requires the Treasurer to deposit and invest the proceeds of land sales in the PLETF according to the grant under which the land was conveyed to Arizona by Congress.

As of April 30, 2024, The Permanent Land Endowment Trust Fund had an approximate fair market value of $8.3 Billion. The largest beneficiary and corresponding fund is the Permanent Common School Fund. The proceeds from this fund are distributed to classrooms across Arizona.

There are 13 different beneficiaries of the PLETF, each with their own trust land and separate trust fund. 

The beneficiaries of PLETF are:

  1. A & M Colleges

  2. State Hospital

  3. The Arizona Legislative, Executive and Judicial Branches

  4. Military Institute

  5. Arizona Miners' Hospital

  6. Normal Schools (Arizona State University and Northern Arizona University)

  7. Arizona Penitentiaries

  8. Common Schools (Arizona K-12 education)

  9. School for Deaf and Blind

  10. School of Mines

  11. State Charitable - Pioneers Home, Corrections and Youth Treatment

  12. University Fund

  13. University of Arizona Land


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