Per their website:
"The Arizona State Land Department manages approximately 9.2 million acres of State Trust lands within Arizona. These lands were granted to the State under the provisions of the federal Enabling Act that provided for Arizona’s statehood in 1912. These lands are held in trust and managed for the sole purpose of generating revenues for the 13 State Trust land beneficiaries, the largest of which is Arizona’s K-12 education. In FY 2013 Trust land revenues exceeded $318,000,000."
Looks like the money may actually go to a good cause as long as it doesn't end up in a general fund
'07 HD SEUC