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Idaho’s Endowment Lands Provide Value to State Beneficiaries
Monday, Dec. 10, 2012, 11:45 am - 1:15 pm
The Grove Hotel
Lawrence Wasden, Idaho Attorney General

Idaho Attorney General Lawrence Wasden, one of the five members of the Idaho Land Board, will talk to City Club about how Idaho’s endowment lands are managed and how they contribute financially to state endowment beneficiaries. He'll also discuss some of the Land Board's most controversial activities, such as the leases of cabins and commercial property, and the legal actions he's initiated. He'll also take questions from the audience.

The Idaho Land Board oversees the state’s endowment trust, which includes more than 2.6 million acres of land and more than $1 billion in financial assets. The trust provides additional funding for 14 public beneficiaries, primarily Idaho's public schools. Revenues come from timber sales, mining projects, grazing leases and cabin leases on Payette Lake and Priest Lake.

The Idaho Land Board is a constitutionally created board composed of the state's top executive officers. In addition to the attorney general, the Land Board includes Gov. Butch Otter, Secretary of State Ben Ysursa, Controller Brandon Woolf and Superintendent of Public Instruction Tom Luna. The Idaho Constitution requires the Land Board to obtain the maximum long-term financial return for the beneficiaries of the endowments.

A native of Caldwell, Wasden is Idaho's longest-serving attorney general. He is currently serving his third term. He has worked for 23 years in the attorney general's office, including as chief of staff. Wasden earned a bachelor's degree in political science at Brigham Young University in 1982 and graduated from the University of Idaho College of Law in 1985. In 2010, he received a "Courage in Public Service" award from the Conference of Western Attorneys General.

Chair: Sue Reents
Moderator: Marty Peterson
Underwriters: Northwest Nazarene University