State board approves Grand Teton land deal

By: AP
By: AP

CHEYENNE, Wyo. (AP) — The State Board of Land Commissioners has endorsed a proposal that would transfer ownership of 1,280 acres of state school trust land in Grand Teton National Park to the federal government.

The board voted 4-1 Thursday to accept federal land and mineral rights elsewhere in Wyoming in exchange for the land.

The agreement still needs legislative approval.

The board is made up of the five statewide elected officials, including Gov. Matt Mead.

Mead said in a statement to the Jackson Hole News & Guide that he believes the agreement meets the board's duty as stewards of the land and fiduciary responsibilities.

The new agreement was necessary because the federal government couldn't meet its original deadline of Jan. 5 to buy one of the sections last month for $45 million.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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