Utah public schools are partially funded from revenue collected through property taxes. Much of the state of Utah, however, is federal land and property tax revenues are not collected from federal lands. The U.S. Congress, in exchange for not taxing federal land, gave lands to Utah schools at statehood to help compensate for the lost property tax revenue. The lands are held in a legal trust for Utah public schools. Utah public schools own 3.3 million acres of Utah land. The lands are managed by the School and Institutional Trust Lands Administration and must, by law, be used to generate money for public schools. The money is put in a permanent savings account, which is never spent, but invested by Utah’s State Treasurer. An Investment Advisory Committee appointed by education representatives act in an advisory capacity to the State Treasurer. The interest earned from the permanent fund now goes to each public school in the state. School and district-level committees prepare plans, approved by local school boards that identify an academic need and a proposed solution using the annual dividend. Distribution of the funds is based upon student enrollment numbers. The program reimburses schools based upon the previous school year’s enrollment.