Utah Navajo Royalty Holding Fund
The Utah Navajo Royalty Holding Fund is a "private purpose" trust fund of the State of Utah. The majority of the money in this fund comes from oil royalties from production on the Aneth Extension of the Navajo Reservation. These royalties are paid to the trust fund for the health, education, and general welfare of the Navajo residents of San Juan County, Utah.
Prior to June 30, 2008, the Trust Fund had oversight authority by a three member board of trustees composed of the Utah State Treasurer, the Director of Finance, and a State officer or employee appointed by the Governor with the advice and consent of the Senate. Day-to-day program activities were managed by the Trust Fund Administrator from offices in Blanding, Utah. A nine-member Dinah Committee provided input and advice as to how the funds from the Trust Fund may be expended.
During the 2008 General Session of the Utah Legislature, House Bill 352 was passed which recognized the repeal of the Utah Navajo Trust Fund. The bill moved responsibility to fulfill the liabilities and obligations of the repealed Utah Navajo Trust Fund to the Department of Administrative Services and provided for a transition process until Congress designates a new recipient of Utah Navajo royalties.