Category: School Lands

2022 Strategic Land Investment Considerations for the School Land Bank Fund

The Commission authorized the Executive Officer to retain a professional real estate broker to assist with acquiring property using School Land Bank Fund revenue. This action follows a recent report prepared for the Commission that provides a strategy to invest in commercial and agricultural property to generate revenue that will benefit CalSTRS, consistent with its mandate under the School Land Bank Act.

School Lands

School Lands were granted to the State of California on March 3, 1853 by an Act of Congress (Ch. 145, 10 Stat. 244) for the purpose of supporting public schools. These lands consisted of the 16th and 36th sections of land in each township, save lands reserved for...