§ 11.   Investment of permanent educational funds. Except as otherwise required by the Enabling Act, the moneys of the permanent school and other educational and charitable funds shall be invested by the state investment council in stocks, bonds, mutual funds, and other financial instruments as provided by law.

History: Amendment proposed by SL 1901, ch 88, approved Nov., 1902; amendment proposed by SL 1903, ch 99, approved Nov., 1904; amendment proposed by SL 1941, ch 319, rejected Nov., 1942; amendment proposed by SL 1943, ch 263, rejected Nov., 1944; amendment proposed by SL 1949, ch 239, rejected Nov., 1950; amendment proposed by SL 1951, ch 293, approved Nov. 4, 1952; amendment proposed by SL 1968, ch 225, approved Nov. 5, 1968; repeal proposed by SL 1975, ch 4, rejected Nov. 2, 1976; amendment proposed by SL 1978, ch 2, rejected Nov. 7, 1978; amendment proposed by SL 1984, ch 1, rejected Nov. 6, 1984; amendment proposed by SL 1993, ch 4, §§ 1 and 2, rejected Nov. 8, 1994; amendment proposed by SL 1996, ch 1, §§ 1 and 2 (Senate Joint Resolution 001), approved Nov. 5, 1996; amendment proposed by SL 1998, ch 3, rejected Nov. 3, 1998; amendment proposed by SL 2000, ch 1, § 5, approved Nov. 7, 2000.

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