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1
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DR. JENKINS: Is it true there is no Public
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2
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School Fund?
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3
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MR. RAVER: Per se, that is correct. There is
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4
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no fund set aside in any bank or series of banks as there
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5
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used to be.
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6
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DR. JENKINS: Yes.
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7
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MR. RAVER: That is years ago. Apparently, I
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8
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don't know when that was lost to the school financing,
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9
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but apparently it happened gradually over the years. For
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10
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instance, there used to be a statewide school tax. That
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11
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disappeared. There used to be certain odd lot monies put
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12
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into this fund for paying to the institutions of higher
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13
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education, as well as the elementary and secondary schools.
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14
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Now, gradually these disappeared, and so eventually, prob-
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15
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ably in the reenactment of the law in 1922, though I am only
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16
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guessing at that, the School Fund per se disappeared.
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17
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DR. JEHKINS: We are in agreement on that.
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18
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MR. RAVER: But the appropriations made annually
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19
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by Budget, in effect represent, we believe, a school fund,
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20
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and as long as that provision stays in the Constitution,
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21
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we have been advised --
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