TITLE 41. PUBLIC LANDS

CHAPTER 6. SCHOOL LANDS

PART III. SALE OF SCHOOL LANDS

SUBPART D. PROCEEDS OF SALE

41:842     Investment in levee bonds

In addition to the investments now authorized by law, the State Auditor and State Treasurer, with the approval of the governor, may invest in levee bonds of this state yielding not less than four per cent per annum interest net, the proceeds of the sale of sixteenth section school lands now on hand, or that may accumulate, in the state treasury.