Section 4. Current school fund
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Current school fund
All forfeitures, unless otherwise provided by law, and all fines collected under general laws; the net proceeds of property that may come to the state by escheat; the rentals of all school lands and other lands granted to the state, the disposition of which is not otherwise provided for by the terms of the grant or by act of congress shall constitute the current school fund of the state.
Current school fund
All fines and forfeitures collected under general laws; the net proceeds of property that may come to the state by escheat; the rentals of all school lands and other lands granted to the state, the disposition of which is not otherwise provided for by the terms of the grant or by Act of Congress; and the income derived from the permanent school fund, shall constitute the current school fund of the state.
Current school fund
All forfeitures, unless otherwise provided by law, and all fines collected under general laws; the net proceeds of property that may come to the state by escheat; the rentals of all school lands and other lands granted to the state, the disposition of which is not otherwise provided for by the terms of the grant or by act of congress; and the income derived from the permanent school fund, shall constitute the current school fund of the state.
Current school fund
All fines and forfeitures collected under general laws; the net proceeds of property that may come to the State by escheat; the rentals of all school lands and other lands granted to the State, the disposition of which is not otherwise provided for by the terms of the grant or by act of Congress; and the income derived from the permanent school fund; shall constitute the current school fund of the State. The legislature shall provide for the levy and collection of an annual tax upon all taxable property in the State for the maintenance of the public schools, the proceeds of such tax levy to be added to the current school fund above provided for. The current school fund shall be distributed among the school districts of the State in the proportion that the number of children of school age in each district bears to the total number of such children in the State, and shall provide for the levy and collection of additional local taxes for school purposes. A public school shall be maintained for at least five months in each year in every school district in the State.
Before making the distribution above provided for, there shall be taken from the current school fund as above created, a. sufficient reserve to be distributed among school districts in which the proceeds of the annual local tax, when levied to the limit allowed by law, plus the regular quota of current school funds allotted to said district, shall not be sufficient for the maintaining of a school for the full period of five months, and this reserve fund shall be so distributed among such districts as to enable each district to hold school for the said period.