Public School Law Bulletin 1952 PDF Download

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1917 edition. Excerpt: ... STATUT0RY7PR0VISI0NS AVAILABLE STATE SCHOOL FUND Sec. 1. What Shall Constitute.--One-fourth of all occupation taxes and one dollar poll tax levied and collected for the use of public free schools, exclusive of the delinquencies and cost of collections; the interest arising from any bonds or funds belonging to the permanent school fund, and all the interest derivable from the proceeds of sales of land heretofore set apart for the permanent school fund, which have hitherto or may hereafter come into the State Treasury; all moneys arising from the lease of school lands, and such an amount of State tax, not to exceed twenty cents on the one hundred dollars valuation of property, as may be from time to time levied by the Legislature, shall constitute the available school fund, which fund shall be apportioned annually to the several counties of this State, according to the scholastic population of each, for the support and maintenance of the public free schools. [Art. 2725, R. S., 1911.] Sec. 2. Ad Valorem Tax.--There shall be levied and collected an annual ad valorem State school tax of twenty cents for the year 1907 and every year thereafter on the one hundred dollars of the cash value thereof, estimated in lawful currency of the United States, on all real property situated and on all personal property owned in the State on the first day of January of each year, and all personal property sent out of the State for the purpose of avoiding the payment of taxes thereon and afterwards returned to the State, except so much thereof as may be exempted by the Constitution and laws of this State or the United States, which cash value shall be estimated in the manner prescribed by law. [Art. 5047, R. S., as amended by Chap. 66, Acts of 30th Leg.] Sec....