SALT LAKE CITY — Gov. Gary Herbert announced Wednesday his concurrence with the School and Institutional Trust Lands Board of Trustees on the appointment of David Ure as the next SITLA director.
Ure replaces outgoing SITLA director Kevin Carter, who has served in that position since 2003. Under Carter’s leadership, SITLA earned more than $1.3 billion and helped grow the Permanent School Fund from $400 million in 2003 to just over $2 billion today. Also during his tenure, interest and dividends from the fund have grown from $8 million in 2003 to $45.8 million this school year.
“SITLA has been a great success story for the past 20 years” said SITLA board chairman Louie Cononelos, a former school teacher and retired mining executive. “Dave recognizes the need for responsible natural resource development and the Board is confident that he will provide the right leadership going forward.”
Ure is currently a member of the Summit County Council, a position he will resign from prior to taking this position Jan. 1, 2016. In the past, he served 14 years in the Utah Legislature and six years on the SITLA Board of Trustees. His wife, Mae, is a school teacher at South Summit Elementary School.
SITLA is an agency independent of state government and manages 3.4 million acres of land held in trust for public schools and 11 other state institutions, including the Utah State Hospital, Utah Schools for the Deaf and the Blind and state teaching colleges. The agency generates revenue from energy development, mining, surface leasing and real estate development.
Ure will start at SITLA as director designee this fall and become director for a four-year term effective Jan. 1, 2016, to Jan. 1, 2020.
Submitted by the offices of Gov. Gary Herbert.