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State Treasurer Forecast: Market Slump Slashes Land Trust Distributions (access required)

Stock market losses will significantly reduce the distributions to beneficiaries of state land trusts, the state Treasurer’s Office is forecasting.Treasurer David Petersen sent a letter May 14 to the governor and legislative leaders, among others, to inform them that the total distributions to 13 beneficiaries of the land trusts will drop for fiscal 2004 to ...

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