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Sixteenth Section Land Program DELBERT HOSEMANN DELBERT HOSEMANN Secretary of State Secretary of State

Sixteenth Section Land Program DELBERT HOSEMANN Secretary of State

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Page 1: Sixteenth Section Land Program DELBERT HOSEMANN Secretary of State

Sixteenth Section Land Program

DELBERT HOSEMANNDELBERT HOSEMANNSecretary of StateSecretary of State

Page 2: Sixteenth Section Land Program DELBERT HOSEMANN Secretary of State

MS Code Ann § 29-3-39

It shall be the duty of the board of education to survey periodically the classification of all sixteenth section land under its jurisdiction and to reclassify said land as it may deem

advisable because of changes of conditions, and when any land is so reclassified, the

board of education shall file a report thereof with the state land commissioner.

Page 3: Sixteenth Section Land Program DELBERT HOSEMANN Secretary of State

MS Code Ann § 29-3-39

From time to time the state land commissioner may institute proceedings to reclassify any sixteenth section lands which he may deem

advisable and when any land is so reclassified, the state land commissioner shall file a report thereof with the board of

education.

Page 4: Sixteenth Section Land Program DELBERT HOSEMANN Secretary of State

Miss. Code Ann. § 29-3-1(1)Sixteenth section school lands, or lands granted in

lieu thereof, constitute property held in trust for the benefit of the public schools and must be

treated as such. The board of education under the general supervision of the state land

commissioner, shall have control and jurisdiction of said school trust lands and of all funds arising

from any disposition thereof heretofore or hereafter made. It shall be the duty of the board

of education to manage the school trust lands and all funds arising therefrom as a trust

property…

Page 5: Sixteenth Section Land Program DELBERT HOSEMANN Secretary of State

Miss. Code Ann. § 29-3-1 (1) cont.

Accordingly, the board shall assure that adequate compensation is received for all uses of the trust lands, except for uses by the public schools.

Page 6: Sixteenth Section Land Program DELBERT HOSEMANN Secretary of State

State Lease Average

Lease Classfication

Catfish

Residential

Farm Residential

Commercial

Industrial

Agricultural

Recreational

Forestry (Hunting & Fishing)

Other

Average Rent Per Acre

$31.56

$114.92

$12.84

$530.94

$312.12

$60.50

$53.16

$9.47

$55.94

Page 7: Sixteenth Section Land Program DELBERT HOSEMANN Secretary of State

16th Section Land Revenues

Surface $14,982,516.76 Investment $6,713,875.57 Timber $9,460,997.27 Mineral & Oil and Gas $14,652,596.46 Other $4,846,839.72 ----------------------------- TOTAL $50,656,825.78

2006 Annual Revenue Summary

$0.00

$10,000,000.00

$20,000,000.00

$30,000,000.00

$40,000,000.00

$50,000,000.00

$60,000,000.00

Surface Investment Timber Mineral & Oil andGas

Other Total

Page 8: Sixteenth Section Land Program DELBERT HOSEMANN Secretary of State

16th Section Land Revenues

Surface

$15,808,821.51 Investment

$10,130,102.70 Timber

$9,144,849.81 Mineral & Oil and Gas

$14,440,639.89 Other

$4,768,210.11

----------------------------- TOTAL $54,292,624.02

2007 Annual Revenue Summary

$0.00

$10,000,000.00

$20,000,000.00

$30,000,000.00

$40,000,000.00

$50,000,000.00

$60,000,000.00

Surface Investment Timber Mineral & Oil andGas

Other Total

Page 9: Sixteenth Section Land Program DELBERT HOSEMANN Secretary of State

Example Areas

SunflowerLefloreHumphreys

LeakeAttalaWinston

WalthallMarionLamar

JonesJasperWayne

Page 10: Sixteenth Section Land Program DELBERT HOSEMANN Secretary of State

Agriculture

____________________________________

County High Low Average

Sunflower $76.00 $15.00 $49.14

Leflore $141.11 $18.07 $89.20

Humphreys $133.82 $19.86 $76.53

Page 11: Sixteenth Section Land Program DELBERT HOSEMANN Secretary of State

Farm Residential

____________________________________

County High Low Average

Attala $50.85 $2.55 $6.40

Leake $129.74 $3.04 $8.29

Winston $24.51 $1.97 $4.24

Page 12: Sixteenth Section Land Program DELBERT HOSEMANN Secretary of State

Hunting & Fishing

____________________________________

County High Low Average

Attala $10.00 $3.25 $5.00

Leake $10.25 $3.50 $5.17

Winston $7.50 $4.39 $5.63

Page 13: Sixteenth Section Land Program DELBERT HOSEMANN Secretary of State

Farm Residential

____________________________________

County High Low Average

Jones $100.00 $8.60 $24.24

Jasper $125.00 $2.37 $9.09

Wayne $20.77 $14.00 $17.83

Page 14: Sixteenth Section Land Program DELBERT HOSEMANN Secretary of State

Hunting & Fishing

____________________________________

County High Low Average

Jones $12.50 $4.76 $5.69

Jasper $27.00 $3.50 $5.07

Wayne $6.00 $4.50 $4.96

Page 15: Sixteenth Section Land Program DELBERT HOSEMANN Secretary of State

Farm Residential

____________________________________

County High Low Average

Walthall $134.00 $1.00 $7.32

Marion $90.00 $5.25 $6.68

Lamar $187.60 $5.31 $16.96

Page 16: Sixteenth Section Land Program DELBERT HOSEMANN Secretary of State

Hunting & Fishing

____________________________________

County High Low Average

Walthall (only one) $4.12

Marion $30.01 $2.39 $10.34

Lamar $6.09 $5.00 $5.27

Page 17: Sixteenth Section Land Program DELBERT HOSEMANN Secretary of State

Sixteenth Section Land Program

DELBERT HOSEMANNDELBERT HOSEMANNSecretary of StateSecretary of State