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Current as of January 01, 2024 | Updated by FindLaw Staff
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.
Cite this article: FindLaw.com - Iowa Code Title VII. Education and Cultural Affairs [Chs. 256-305B] § 257B.1A. Permanent fund - last updated January 01, 2024 | https://codes.findlaw.com/ia/title-vii-education-and-cultural-affairs-chs-256-305b/ia-code-sect-257b-1a/
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.
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