- The general assembly recognizes the need to protect the endowment represented by the land and minerals owned by the state.
- These nonrenewable resources are held by the state in trust for the benefit of future generations.
- In recognition of the responsibilities of this stewardship, the general assembly is creating the natural resources trust fund.
- The purpose of the trust fund is to ensure that development of state-owned nonrenewable resources will proceed in a manner which is economically sound, and that revenues received from the disposal of those resources will be used for the long-term public interest.