Washington § 28A.515.300 Permanent common school fund—Sources—Use.

Washington Statutes

§ 28A.515.300 — Permanent common school fund—Sources—Use.

Washington § 28A.515.300

Title 28ACOMMON SCHOOL PROVISIONS

Ch. 28A.515COMMON SCHOOL CONSTRUCTION FUND

This text of Washington § 28A.515.300 (Permanent common school fund—Sources—Use.) is published on Counsel Stack Legal Research, covering Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wash. Rev. Code § 28A.515.300 (2026).

Text

(1)The principal of the common school fund as the same existed on June 30, 1965, shall remain permanent and irreducible. The said fund shall consist of the principal amount thereof existing on June 30, 1965, and such additions thereto as may be derived after June 30, 1965, from the following named sources, to wit: Appropriations and donations by the state to this fund; donations and bequests by individuals to the state or public for common schools; the proceeds of lands and other property which revert to the state by escheat and forfeiture; the proceeds of all property granted to the state, when the purpose of the grant is not specified, or is uncertain; funds accumulated in the treasury of the state for the disbursement of which provision has not been made by law; the proceeds of the sal

Free access — add to your briefcase to read the full text and ask questions with AI

(1) The principal of the common school fund as the same existed on June 30, 1965, shall remain permanent and irreducible. The said fund shall consist of the principal amount thereof existing on June 30, 1965, and such additions thereto as may be derived after June 30, 1965, from the following named sources, to wit: Appropriations and donations by the state to this fund; donations and bequests by individuals to the state or public for common schools; the proceeds of lands and other property which revert to the state by escheat and forfeiture; the proceeds of all property granted to the state, when the purpose of the grant is not specified, or is uncertain; funds accumulated in the treasury of the state for the disbursement of which provision has not been made by law; the proceeds of the sale of stone, minerals or property other than timber and other crops from school and state lands, other than those granted for specific purposes; all moneys received from persons appropriating stone, minerals or property other than timber and other crops from school and state lands other than those granted for specific purposes, and all moneys other than rental, recovered from persons trespassing on said lands; five percent of the proceeds of the sale of public lands lying within the state, which shall be sold by the United States subsequent to the admission of the state into the Union as approved by section 13 of the act of congress enabling the admission of the state into the Union; the principal of all funds arising from the sale of lands and other property which have been, and hereafter may be, granted to the state for the support of common schools and such other funds as may be provided by legislative enactment.

(2) Consistent with Article XVI, section 5 and Article IX, sections 3 and 5 of the state Constitution, the state investment board may invest the fund as authorized in RCW 28A.515.330 .

Intent — Finding — 2007 c 505: See note following RCW 28A.515.330 .

Legislative History

[2007 c 505 s 2;1969 ex.s. c 223 s 28A.40.010. Prior:1967 c 29 s 1; 1909 c 97 p 320 s 1; RRS s 4932; prior:1897 c 118 s 109;1890 p 373 s 50; 1886 p 20 s 57, part; Code 1881 s 3210, part;1873 p 421 s 1. Formerly RCW28A.40.010,28.40.010.]