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House. Comm. on Proceeds of Land Sales. Report, 1833
House No. 16 On January 15, 1833, a committee of five men was appointed to consider the creation of a permanent fund from part of the sale of the
public lands whose interest would support the common [public] schools. The committee reported on January 23, 1833. There was a list of asset values
and a potential interest payout of $98,000 to support about 150,000 school children. The fund would supplement, not replace, local school tax dollars.
An Act to establish the Massachusetts school fund, 1833. An unnamed per cent of the proceeds of public lands that had been sold, and an unnamed per
cent of public lands that have yet to be sold would be invested in a permanent fund to support the Commonwealth's schools. Funds would be provided
in proportion to the student population of a jurisdiction. (Digitized from a microfilm copy of title originally held by the Massachusetts State
Title:   Ordered, that a committee be appointed to consider the expediency of investing a portion of the proceeds of sales of the lands of this Commonwealth, in a permanent fund, the interest of which shall be annually applied, as the Legislature shall from time to time direct, for the encouragement of common schools : and that said committee have leave to report by bill or otherwise.
OCLC Number:   1397377038
Available Volumes
NameFiche CountOnlinePaper Backup
Vol. 1YesNo