United States Statutes at Large/Volume 3/16th Congress/2nd Session/Chapter 2
Chap. II.—An Act to provide for paying to the state of Illinois three per cent. of the net proceeds arising from the sale of public lands within the same.
The Secretary of the Treasury to pay three per cent. of the net proceeds of public lands sold in Illinois after 1st Jan., 1819, to the agent of the state.
To be applied for the encouragement of learning.
Act of April 18, 1818, ch. 67.
Annual account of the application of the moneys to be transmitted to the Secretary of the Treasury, or payment may be withheld.Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the Secretary of the Treasury shall, from time to time, and whenever the quarterly accounts of public moneys of the several land offices shall be settled, pay three per cent. of the net proceeds of the lands of the United States, lying within the state of Illinois, which since the first day of January, one thousand eight hundred and nineteen, have been, or hereafter may be, sold by the United States, after deducting all expenses incidental to the same, to such person or persons as may be authorized by the legislature of the said state to receive the same; which sums, thus paid, shall be applied to the encouragement of learning within said state, in conformity to the provisions on this subject, contained in the act, entitled “An act to enable the people of the Illinois territory to form a constitution and state government, and for the admission of such state into the Union on an equal footing with the original states,” approved April eighteenth, one thousand eight hundred and eighteen, and to no other purpose; and an annual account of the application of the same shall be transmitted to the Secretary of the Treasury, by such officer of the state as the legislature thereof shall direct; and in default of such return being made, the Secretary of the Treasury is hereby required to withhold the payment of any sums that may then be due, or which may thereafter become due, until a return shall be made, as herein required.
Approved, December 12, 1820.