Show S. S J J. J R. R No 2 By and Hopkin A JOINT RESOLUTION OF THE SENATE AND HOUSE O 0 OF F REPRESENTATIVES OF THE THIRTY SECOND LEGISLATURE O OF F THE STATE OF UTAH PROPOSING PROPOSING PROPOSING PRO PRO- POSING TO AMEND SECTION SECTION SECTION SEC SEC- TION 3 OF ARTICLE X OF THE CONSTITUTION OF THE STATE OF UTAH PROVIDING FOR PROCEEDS PROCEEDS PROCEEDS PRO PRO- OF SALE OF SCHOOL LANDS AND ROYALTIES FROM MINERAL MINERAL MINERAL MIN MIN- ERAL LEASES OF SCHOOL LANDS TO BE A PART OF THE STATE SCHOOL FUND Be it resolved by the Legislature Legislature Legislature Legisla Legisla- ture of the State of Utah two-thirds two of all members elected to each of the two houses voting in f favor a v 0 r thereof Section 1 It is proposed to amend Sec 3 of Article X of the Constitution of the State of Utah to read Sec 3 The proceeds of the sales of all lands that have been or may hereafter be be granted by the United States to this state for the support of the common schools royalties royalties royalties royalties' royal royal- ties ties' received by the state as asa asa asa a result of mineral leases of lands that have been or may hereafter be granted by the United States to this state for support of the common schools and five per of the net nei net proceeds of the sales of United States public lands lying within within with with- in the state and sold oy by y the United States su subsequent sequent to the admission of this state into in into into in- in to the Union shall be and remain re remain remain re- re main a permanent fund to be called the State School Fund the interest of which only shall be expended for the support support support sup sup- port of the common schools The interest on the State School Fund the proceeds of all property that may accrue to the state by the escheat or forfeiture all unclaimed shares and dividends of any corporation corporation corpora corporation corpora corpora- tion incorporated under the laws of this state the proceeds of the sales of timber and the rentals received by the state from school and state lands other than those granted for spec specific ic purposes shall with such other revenues as the legislature may from time to time allot thereto constitute a fund to be known as the Uniform Uniform Uniform Uni Uni- form School Fund which Uniform Uniform Uniform Uni Uni- form School Fund shall be maintained and used for the support of the common and public schools of the state and apportioned in such manner as the legislature shall provide The provisions of Section 7 7 Article XIII of this Constitution Constitution tion shall shaIl be construed as limitation limitation limitation limi limi- tation in the rate of taxation on tangible property for district district district dis dis- s school ool purposes and not noton noton noton on the amount of funds available available available avail avail- able and further no moneys allocated to the Uniform Uniform Uni- Uni Uni uni- form fonn School Fund shall be considered considered considered con con- in fixing the rates of taxation spec specified in Section 7 of Article XIII Section 2 The Secretary of State is dire directed ted td to submit this proposed amendment to the electors of the State of Utah at the next general election in the manner provided by law aw L I |