Nebraska Const. art. VII, § 8

Nebraska Constitution

Article VII, § 8 — Trust funds belong to state for educational purposes; use; investment

This text of Nebraska Const. art. VII, § 8 (Trust funds belong to state for educational purposes; use; investment) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

JurisdictionNebraska DocumentConstitution

ArticleVII

Section§ 8

CitationNebraska Const. art. VII, § 8

Bluebook

Neb. Const. art. VII, § 8.

Full Text

All funds belonging to the state for common school purposes, including early childhood educational purposes operated by or distributed through the common schools, the interest and income whereof only are to be used, shall be deemed trust funds. Such funds with the interest and income thereof are hereby solemnly pledged to the purposes for which they are granted and set apart and shall not be transferred to any other fund for other uses. The state shall supply any net aggregate losses thereof realized at the close of each calendar year that may in any manner accrue. Notwithstanding any other provisions in this Constitution, such funds shall be invested as the Legislature may by statute provide.

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All funds belonging to the state for common school purposes, including early childhood educational purposes operated by or distributed through the common schools, the interest and income whereof only are to be used, shall be deemed trust funds. Such funds with the interest and income thereof are hereby solemnly pledged to the purposes for which they are granted and set apart and shall not be transferred to any other fund for other uses. The state shall supply any net aggregate losses thereof realized at the close of each calendar year that may in any manner accrue. Notwithstanding any other provisions in this Constitution, such funds shall be invested as the Legislature may by statute provide.

History

Source: Neb. Const. art. VIII, sec. 8 (1875); Amended 1920, Constitutional Convention, 1919-1920, No. 21; Transferred by Constitutional Convention, 1919-1920, art. VII, sec. 8; Amended 1972, Laws 1972, LB 1023, sec. 1; Amended 2006, Laws 2006, LB 1006, sec. 1.

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Bluebook (online)

Nebraska Const. art. VII, § 8, Counsel Stack Legal Research, https://law.counselstack.com/constitution/ne/VII/8.