New Mexico Territorial Laws and Treaties NM TERR LAWS ENABLING ACT § 9

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, the interest of which only shall be expended for the support of the common schools within said state.