In February, the Utah State Board of Education formed a task force headed by District 8 Board Member Jennifer A. Johnson to study appropriate and prudent investment oversight, process and structure of the state’s School Trust Fund. The permanent State School Fund has grown to a market value of $1.6 billion, and consists primarily of income earned by the School and Institutional Trust Lands Administration. The state has a fiduciary duty to invest those funds in a long term manner, similar to an endowment, and the interest and dividends goes to school community councils who decide how to spend it at the school level. For the 2013-14 school year the trust is providing over $37 million to Utah’s public schools. The fund is now overseen by the Utah State Treasurer’s Office.