BISMARCK, N.D. (AP) — North Dakota will begin advertising for a new state land commissioner.

Incumbent Lance Gaebe (GAY'-bee) was appointed in 2010 by then-Gov. John Hoeven and his term expires at the end of the year. He says he will re-apply for the position that is being advertised as starting at $8,500 a month.

The commissioner manages the state Land Department. The agency leases rights for grazing rights and rights to produce oil, coal and gravel from state lands.

The Land Department manages several state trust funds, including a fund that benefits public schools. It has $3.8 billion in assets.

The state Board of University and School Lands oversees the Land Department. Gov. Doug Burgum is chairman of the board.