TITLE 58

PUBLIC LANDS

CHAPTER 3

APPRAISEMENT, LEASE, AND SALE OF LANDS

58-333.  Disposition of proceeds of sale. The state board of land commissioners shall at all times preserve the integrity of state funds and obligations in the disposition of surplus property; receipts or acquisitions from the property of any special fund shall accrue to such fund, first liquidating any encumbrances against such property; save that when any property has been acquired by the general fund, or is supported by or added to, by the general fund, then the receipts following liquidation of an encumbrance, shall be deposited in the permanent building fund for future appropriation or use.

History:

[58-333, added 1951, ch. 223, sec. 3, p. 452.]