VII-7. Perpetual funds enumerated.

The following are hereby declared to be perpetual funds for common school purposes, including early childhood educational purposes operated by or distributed through the common schools, of which the annual interest or income only can be appropriated, to wit:

First. Such percent as has been, or may hereafter be, granted by Congress on the sale of lands in this state.

Second. All money arising from the sale or leasing of sections number sixteen and thirty-six in each township in this state, and the lands selected, or that may be selected, in lieu thereof.

Third. The proceeds of all lands that have been, or may hereafter be, granted to this state, where by the terms and conditions of such grant the same are not to be otherwise appropriated.

Fourth. The net proceeds of lands and other property and effects that may come to this state, by escheat or forfeiture, or from unclaimed dividends, or distributive shares of the estates of deceased persons.

Fifth. All other property of any kind now belonging to the perpetual fund.

Source:Neb. Const. art. VIII, sec. 7 (1875); Amended 1920, Constitutional Convention, 1919-1920, No. 20; Transferred by Constitutional Convention, 1919-1920, art. VII, sec. 7; Amended 1972, Laws 1972, LB 1023, sec. 1; Amended 2006, Laws 2006, LB 1006, sec. 1.