Article VII, Section 11 of the Texas Constitution (discussion page)
		
		
		
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The Texas Supreme Court has interpreted article VII, section 11 to require that payments made under an oil and gas lease on land belonging to the Permanent University Fund are “proceeds” that become part of the Permanent University Fund.tO State ex rel. Attory Gen. v. Hatcher, 281 S.W. 192, 194 (Tex. 1926).