HB594 Summary

• Proposes a constitutional amendment to transfer all sixteenth section and school lands in Winston County from state control to the Winston County Board of Education.

• Authorizes the Winston County Board of Education to manage, sell, lease, and control the lands and any timber, minerals, or other natural resources on the property.

• Requires proceeds from the sale of land to be deposited into a trust account in Winston County, with annual interest distributed to the Winston County school system.

• Directs proceeds from the sale of timber, minerals, or other natural resources, or from land leases, to be paid directly to the Winston County Board of Education General Fund.

• Provides that any proceeds from property transactions occurring before amendment ratification shall continue to be held in trust, with revenue paid to the Winston County Board of Education custodian of funds.