All fines collected under the penal laws, all escheats and 2% of the receipts of toll roads and bridges go into the school fund, which is invested in state and Federal securities and the interest apportioned among the counties according to their school population.
The proceeds of the sale of public lands donated to the state for educational purposes, and all escheats to the state, constitute a trust fund, the interest from which, with the proceeds of all fines for the violation of state laws, is annually apportioned among the school districts according to the school population; the total apportionment from the State Tuition Fund in 1908 was $357,238.
Escheats and lapsed legacies (caduca) were further miscellaneous sources of gain to the state.
In their fiscal capacity they were to enquire into escheats, churches, lands and women in the king's gift.
As there are now few freehold estates traceable to any mesne or intermediate lord, escheats, when they do occur, fall to the king as lord paramount.