Trust Land Office discusses MOUs, Petersburg subdivision delays and $12M+ annual land revenue TLO officials told the Senate Finance Committee the Trust manages about 1,000,000 acres to support beneficiaries, anticipates more than $12 million in revenue from trust lands this year, uses MOUs with local governments for development, and described a large platted Petersburg subdivision stalled pending local approvals and utility funding.

The Trust Land Office is managing 1,000,000 acres and expects over $12 million in revenue this year, but a crucial Petersburg subdivision remains stuck due to local approval delays.

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