Sec. 27. That five per centum of the proceeds of sales of public lands lying within said state which shall be sold by the United States subsequent to the admission of said state into the Union, after deducting all the expenses incident to such sales, shall be paid to the said state to be used as a permanent inviolable fund, distributions from which shall be made in accordance with the first paragraph of section 28 and shall be expended for the support of the common schools within said state. As amended Dec. 7, 1999, H.R. 747, 113 Stat. 1682.
Cite this article: FindLaw.com - Arizona Revised Statutes Enabling Act Sec. 27 - last updated March 08, 2022 | https://codes.findlaw.com/az/enabling-act/az-rev-st-enabling-act-sec-27.html
FindLaw Codes are provided courtesy of Thomson Reuters Westlaw, the industry-leading online legal research system. For more detailed codes research information, including annotations and citations, please visit Westlaw.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.