Article X Education Section Section 7 [Proceeds of land grants constitute permanent funds.]
Article X, Section 7.[Proceeds of land grants constitute permanent funds.]
The proceeds from the sale of lands reserved by Acts of Congress for the establishment or
benefit of the state's universities and colleges shall constitute permanent funds to be used for the
purposes for which the funds were established. The funds' principal shall be safely invested and
held by the state in perpetuity. Any income from the funds shall be used exclusively for the
support and maintenance of the respective universities and colleges. The Legislature by statute
may provide for necessary administrative costs. The funds shall be guaranteed by the state
against loss or diversion.
No History for Constitution
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