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Land Board Hearing Recap

Tuesday, November 15, 2022 

• The Land Board convened at 9:03 a.m. MT
• The Governor was absent, all other members were present
• Review the Final Agenda
• Download the Meeting Materials

Department Report

• Timber
  • Attachment: Trust Land – Timber Sales
  • No questions
• Leases & Permits
  • Attachment: Trust Land – Leases and Permits
  • No questions

Endowment Fund Investment Board

• FY2022 Annual Report
  • Attachment: EFIB FY2022 Annual Report
  • No questions
• Land Board Audit Committee Report
  • Attachment: EFIB Land Board Audit Committee Report
  • No questions
• Manager’s Report
  • Attachment: EFIB Manager's Report
  • No questions

Performance Review of Total Endowment

• Attachment: Performance Review of Total Endowment
• No questions

Consent Agenda

• Consent agenda approved 4-0

Regular Agenda

Negotiated rulemaking for IDAPA 20.03.01 Rules Governing Dredge and Placer Mining Operations in Idaho

• Attachment: Negotiated rulemaking for IDAPA 20.03.01
• Approved 4-0
• No questions

Negotiated rulemaking for IDAPA 20.03.03 Rules Governing Administration of the Reclamation Fund–

• Attachment: Negotiated rulemaking for IDAPA 20.03.03
• Approved 4-0
• No questions

Negotiated rulemaking for IDAPA 20.03.05 Riverbed Mineral Leasing in Idaho

• Attachment: Negotiated rulemaking for IDAPA 20.03.05

• Approved 4-0
• No questions

 Annual Review of Statement of Investment Policy

• Attachment: Annual Review of Statement of Investment Policy
• Approved 4-0
• Controller Brandon Woolf stated he wants to make sure target allocations are looked at in the future to assure Land Board they are going in the right direction.

Governance Structure Review

• Attachment: Governance Structure Review
• Approved 4-0
• Attorney General Wasden asked why the specific numbers $1.25 million and $150,000 were chosen. Division Administrator Jim Elbin stated $1.2 million was chosen to allow some cushion, knowing there would be another FAMP increasing harvest levels. He added the $150,000 limit allows IDL to be more nimble when seeking easements to access management of endowment lands.

Information Agenda

• None

Executive Session

• Idaho Code § 74-206(1)(c) – to acquire an interest in real property which is not owned by a public agency.

Regular Agenda

• Property Acquisition
  • Attachment: No board materials
  • Approved 3-0

Adjournment

• The Land Board adjourned at  10:10 a.m. MT