Originally Posted By: Cheaha
Keep in mind the information I am relaying here is just what I heard at the board meeting. I don't work for them or the state. But, at several points, they mentioned they had "approved appraisers." I don't know who they may be.

Also mentioned was one tract which had been proposed last year but was withdrawn by the landowner because the landowner did not like the appraisal.

Patti Powell, the Lands Director, said the purchase money and the 15% stewardship fund comes out of the Forever Wild trust money collected through royalties. So, as she explained it, in order to buy a piece of property which is appraised at $100, they have to have $115.

She also said they attempt to utilize the interest off of the stewardship fund for maintenance rather than principle. That leads me to believe the stewardship fund money all goes in one account for maintenance of all tracts, rather than separate accounts for each parcel.


Sounds like they are using interest for the maintenance $. I may be wrong but I don't think either the original law or the one passed a few years ago to renew allowed for oil windfall funds to be used for anything other than purchases. Perhaps they use interest off of interest.



"Why do you ask"?

Always vote the slowest path to socialism.