First Report of the Board of Regents
In a short letter written to the board of regents, governor David Butler reports the state's University Fund. Governor Butler also mentions the federally allocated land, which at the time was being surveyed for sale.
Lincoln, December 23rd, 1870.
To the Honorable Board of Regents:
GENTLEMEN:- In response to your resolution passed to-day, I submit the following:
The amount of University Funds now on hands is $26,431.23.
Amount of taxable property in the State amounts to $53,000,000 from which an additional fund will be derived amounting to $53,000.
Total amount of funds available during coming year, $79,431.23
The General Government has donated for University purposes, 46,080 acres. For Agricultural College, 90,000 acres. These latter lands are now being selected.