State University Tax

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STATE UNIVERSITY TAX. Initiative measure adding Section 15 to Article XIII of Constitution. Levies ad valorem tax, for State University, of one and two-tenths mills per dollar upon property taxable for general county purposes, collectible each year, beginning July 1, 1921, in manner required by laws in force November 7, 1910, for state and county taxes unless law hereafter otherwise provides. Requires payment thereof into "State University Fund" subject to draft by University Regents. Until such taxes become available continues provisions of Section 14, same Article, giving State University appropriations preference over other governmental expenses.