Permanent fund
[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] 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
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.
[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] 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