The state of North Dakota received about $600,000 Thursday from the Dakota Access Pipeline in compensation for crossing 4½ miles of land owned by the North Dakota Department of Trust Lands.
The Board of University and School Lands unanimously approved easements Thursday for the Dakota Access Pipeline to cross tracts of trust land in McKenzie, Williams and Mountrail counties.
The terms of the agreement included payment of $425 per rod (there are 320 rods in a mile) or a little more than $600,000 total, which was in line with what private landowners in the area received, said State Land Commissioner Lance Gaebe.
The dollars go into the Common Schools Trust Fund, which supports schools statewide.
Energy Transfer Partners, which proposes the pipeline that would run from the Bakken to Patoka, Ill., issued the check following Thursday’s meeting, Gaebe said.
Read the original article here.