Opinion

Opinion No. Ag

Court
Oklahoma Attorney General Reports
Filed
Dec 28, 1987
Status
Published
On the bench
MICHAEL C. TURPEN, ATTORNEY GENERAL OF OKLAHOMA
Cited by
0 cases

The opinion

OPINION — AG — ** STATE BOARD OF EQUALIZATION — COMMISSIONERS OF THE LAND OFFICE — PUBLIC TRUST ** (1) 64 O.S. 87E [ 64-87E ] WHICH REQUIRES THE STATE BOARD OF EQUALIZATION TO CERTIFY FUNDS OF THE DEPLETION, MANAGEMENT AND SALE FUND, CREATED PURSUANT TO 64 O.S. 87A [ 64-87A ] AND UNDER THE CONTROL OF THE COMMISSIONERS OF THE LAND OFFICE, IS CONSTITUTIONAL. HOWEVER, THE SCHOOL LAND TRUST CREATED THROUGH SECTION 7 OF THE ENABLING ACT AND ARTICLE IX , SECTION 1 OF THE OKLAHOMA CONSTITUTION, IS A SACRED TRUST, AND THE STATE HAS AN IRREVOCABLE DUTY AS TRUSTEE TO RETURN FULL VALUE FROM THE USE AND DISPOSITION OF THE TRUST PROPERTY. THE FUNDS OF SUCH TRUSTS ARE 'NOT' SUBJECT TO APPROPRIATION IN ANY MANNER FOR EXPENDITURES BY THE LEGISLATURE EXCEPT AS AUTHORIZED BY THE CONSTITUTION. (2) THE LEGISLATURE MAY DETERMINE THE NUMBER OF FULL TIME EMPLOYEES AND MANDATE SALARY LIMITATIONS OF EMPLOYEES OF THE SCHOOL LAND COMMISSION, SO LONG AS LEGISLATURE REGULATION DOES 'NOT' IMPAIR THE FREEDOM OF THE COMMISSIONERS TO DISCHARGE THEIR CONSTITUTIONAL DUTIES TO MANAGE THE TRUST, AND TO OBTAIN THE MAXIMUM BENEFIT IN RETURN FOR THE USE OF TRUST PROPERTY. (2) OPINION 81-306 IS WITHDRAWN. (SCHOOL LAND CERTIFICATION OF SCHOOL LAND FUNDS) CITE: OPINION NO. 81-306, 64 O.S. 87E [ 64-87E ], ARTICLE V, SECTION 55, ARTICLE VI, SECTION 32, ARTICLE X, SECTION 23 (SUSAN BRIMER LOVING)

This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.

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