School Land Revenue Sets Record

Jackson, Miss.

The Mississippi Secretary of State's Office says revenue generated from 16th Section land reached a record in 2012, bringing in about $89 million.

Money from 16th section land goes to school districts.
Officials say revenue has increased approximately $34 million per year since Secretary of State Delbert Hosemann took office in 2008.

"Time and time again, we have seen attempts to raid 16th Section land funds for short term gains," said Hosemann in a news release. "This increase in funding shows sound management practices are producing cash results."

The Secretary of State's Office said Hosemann has instituted reforms in 16th Section land management:

· Placing all 16th Section leases on the agency website to provide full, open transparency to the public;

· Entering into a historic Memorandum of Understanding with the Mississippi Forestry Commission to develop forest management plans for school districts to better manage and conserve this natural resource, while increasing timber revenue generated from public lands;

· Increasing oil royalty payments on public lands from 1/8th to 3/16th and higher; and,

· Monitoring timber cuts to ensure school districts receive fair value for valuable resources.