North Dakota Constitution

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=== Section 1. ===

All proceeds of the public lands that have heretofore been, or may
hereafter be granted by the United States for the support of the
common schools in this state; all such per centum as may be granted by
the United States on the sale of public lands; the proceeds of
property that shall fall to the state by escheat; all gifts,
donations, or the proceeds thereof that come to the state for support
of the common schools, or not otherwise appropriated by the terms of
the gift, and all other property otherwise acquired for common
schools, shall be and remain a perpetual trust fund for the
maintenance of the common schools of the state.  Only the interest and
income of the fund may be expended and the princial shall be retained
and devoted to the trust purpose.  All property, real or personal,
received by the state from whatever source, for any specific
educational or charitable institution, unless otherwise designated by
the donor, shall be and remain a perpetual trust fund for the creation
and maintenance of such institution, and may be commingled only with
similar funds for the same institution. Should a gift be made to an
institution for a specific purpose, without designating a trustee,
such gift may be placed in the institution's fund; provided that such
a donation may be expended as the terms of the gift provide.

The interest and income of each institutional trust fund held by the
state shall, unless otherwise specified by the donor, be appropriated
by the legislative assembly to the exclusive use of the institution
for which the funds were given.

The proceeds of all bonuses, or similar payments, made upon the leasing
of coal, gas, oil, or any other mineral interests under, or reserved
after sale of, grant lands for the common schools or institutional lands
shall be deposited in the appropriate permanent trust fund as created
by this section.