<HTML> <HEAD> <HTML> <HEAD> <meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 0N-8-2 - Perpetual trust fund for maintenance of public schools--Principal inviolate. 0N-8-2 Perpetual trust fund for maintenance of public schools--Principal inviolate. </title> <META NAME="Keywords" Content="South Dakota Constitution 0N-8-2 Perpetual trust fund for maintenance of public schools--Principal inviolate. "> <META NAME="Description" Content="South Dakota Constitution 0N-8-2"> </HEAD> <BODY> <!-- File converted by Wp2Html Version 4.0 --> <!-- Email Andrew@brackenbeds.co.uk for more details --> <!-- WP Style Open: System_34 --><!-- WP Style End: System_34 --> <!-- WP Paired Style On: SENU -->&nbsp;&nbsp;&nbsp;&nbsp;<!-- WP Style End: SENU --> &#167;&nbsp;2. <!-- WP Paired Style Off: SENU -->&nbsp;<!-- WP Style End: SENU --> <!-- WP Paired Style On: CL --><!-- WP Style End: CL --> Perpetual trust fund for maintenance of public schools--Principal inviolate. <!-- WP Paired Style Off: CL --> <!-- WP Style End: CL --> All proceeds of the sale of public lands that have heretofore been or may hereafter be given by the United States for the use of public schools in the state; all such per centum as may be granted by the United States on the sales of public lands; the proceeds of all property that shall fall to the state by escheat; the proceeds of all gifts or donations to the state for public schools or not otherwise appropriated by the terms of the gift; and all property otherwise acquired for public schools, shall be and remain a perpetual fund for the maintenance of public schools in the state. It shall be deemed a trust fund held by the state. The principal shall never be diverted by legislative enactment for any other purpose, and may be increased; but, if any loss occurs through any unconstitutional act, the state shall make the loss good through a special appropriation.<br> <p> <!-- WP Paired Style On: SCL --><!-- WP Style End: SCL --> <b> History:</b> Amendment proposed by SL 1975, ch 4, rejected Nov. 2, 1976; amendment proposed by SL 1998, ch 3, rejected Nov. 3, 1998; amendment proposed by SL 2000, ch 1, &#167;&nbsp;2, approved Nov. 7, 2000. <!-- WP Paired Style Off: SCL --><!-- WP Style End: SCL --> <p> </BODY> </HTML>