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Show S.J.R. No. 2 By Messrs. Stringham and Hopkin A JOINT RESOLUTION OF THE SENATE AND HOUSE O F REPRESENTATIVES OF THE THIRTY SECOND LEGISLATURE OF THE STATE OF UTAH PROPOSING TO AMEND SECTION 3 OF ARTICLE X OF THE CONSTITUTION OF THE STATE OF UTAH, PROVIDING FOR PROCEEDS OF SALE OF SCHOOL LANDS AND ROYALTIES FROM MINERAL LEASES OF SCHOOL LANDS TO BE A PART OF THE STATE SCHOOL FUND. Be it resolved by the Legislature of the State of Utah, two-thirds of all members elected to each of the two houses voting in favor 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 granted by the United States to this state, for the support of the common schools, royalties received by the state as 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 centum of the net proceeds of the sales of United States public lands lying within the state and sold ny the United States subsequent to the admission of this state into the Union, shall be and remain a permanent fund, to be called the State School Fund, the interest of which only, shall be expended for the support 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 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 specific 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 School Fund, which Uniform 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, Article XIII of this Constitution shall be construed as limitation in the rate of taxation on tangible property for district school purposes and not on the amount of funds available therefor, and, further, no moneys allocated to the Uniform School Fund shall be considered in fixing the rates of taxation specified in Section 7 of Article XIII. Section 2. The Secretary of State is directed to submit this proposed amendment to the electors of the State of Utah at the -next general election in the manner provided by law. |
