‘It’s a game changer,’ says beneficiary of money Amendment B will bring

SALT LAKE CITY — It’s all but certain Utah voters will pass Amendment B, and some of the beneficiaries are calling it a game changer.

Amendment B raises the cap on the money allowed to be pulled out from state trust lands. Utah has tens of thousands of acres of land designated state trust lands where investments from things like mining or leasing help generate revenue for state institutions like public schools and higher education.

Voters approved raising the $3.3 billion State School Fund endowment to between 4% and 5%.

The College of Mines and Earth Sciences at the University of Utah is one of the direct beneficiaries.

“This really is a game changer for us as a beneficiary of the state land trust system,” said the college’s dean, Peter Trapa. “This allows more resources to come to our programs in mining, engineering, metallurgical engineering, and geological engineering.”

Many of his students research critical minerals extracted in Utah.

Read the full story at KSLTV.com.

Related:

• Preliminary election results indicate Amendments B and C will both pass
• Here’s what you need to know about Amendment C
• Utah Supreme Court issues reasoning for voiding Amendment D
• Reaction to Utah Constitutional Amendment A ruling