The State of Montana has always had the ability to sell state trust land. However, until the creation of the Land Banking Program, there was no provision to purchase replacement land.
With the Land Banking Program, it is now possible for the Department of Natural Resources and Conservation to sell land to the public and put the proceeds in a Land Banking Trust Fund. The combined funds from multiple sales can then be used to purchase lands which produce a higher level of income than the lands sold. This results in a greater income to the trust beneficiaries (U of M, MSU, Common Schools, etc.).
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