257B.1A - PERMANENT FUND.
257B.1A PERMANENT FUND.
The permanent school fund, the interest of which only can be
appropriated for school purposes, shall consist of:
1. Five percent of the net proceeds of the public lands of the
state.
2. The proceeds of the sale of the five hundred thousand acres of
land granted the state under the eighth section of an Act of Congress
passed September 4, 1841, entitled: "An Act to appropriate the
proceeds of all sales of public lands, and to grant pre-emption
rights".
3. The proceeds of all intestate estates escheated to the state.
4. The proceeds of the sales of the sixteenth section in each
township, or lands selected in lieu thereof.
5. All other moneys by law credited to the permanent school fund.
Section History: Early Form
[R60, § 1962, 1964; C73, § 1837, 1839; C97, § 2838; C24, 27, 31,
35, 39, § 4469; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81,
§ 302.1] Section History: Recent Form
86 Acts, ch 1246, § 139, 140; 87 Acts, ch 115, §46; 88 Acts, ch
1278, §24
C93, § 257B.1
95 Acts, ch 218, § 16
C2001, §257B.1A
Referred to in § 257B.6, 257B.9