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Legislative action that proposed this amendment: HJR5 1937 Regular Session
Disposition: This amendment took effect following voter ratification. You may read the resulting 1939 Utah Constitution here.
Amends article 10 section 3
The proceeds of the sales of all lands that have been or may be hereafter be granted by the United States to this state, for the support of the common schools, and fiver per centum of the net proceeds of the sales of United States public lands lying within the state and sold by 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 common schools. The interest on the State School Fund, the proceeds on all property that may accrue to the state by escheat or forfeiture, all unclaimed shares and dividends of any corporation incorporated under the laws of this state, the proceeds of the sale of timber, and the proceeds, and the proceeds of the sale or other disposition of minerals or other property from school and state lands, other than those granted for specific purposes, shall, with other such revenues as the Legislature may from time to time allot thereto, constitute a fund to be known as the Uniform State Fund, which Uniform State 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 a limitation on 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.