The Board of Regents shall, from the interest accruing from the first funds which come under their control, immediately organize and maintain the said Mining department in such manner as to make it most effective and useful, Provided, that all the proceeds of the public lands donated by Act of Congress approved July second AD. Eighteen hundred and sixty Two, for a college for the benefit of Agriculture[,] the Mechanics Arts, and including Military tactics shall be invested by the said Board of Regents in a separate fund to be appropriated exclusively for the benefit of the first named departments to the University as set forth in Section Four above; And the Legislature shall provide that if through neglect or any other contingency, any portion of the fund so set apart, shall be lost or misappropriated, the State of Nevada shall replace said amount so lost or misappropriated in said fund so that the principal of said fund shall remain forever undiminished[.]

      Sec. 8.  Use of proceeds from public lands donated by Act of Congress for benefit of certain departments of State University. [Effective November 26, 2024, if the provisions of Senate Joint Resolution No. 7 (2021) are agreed to and passed by the 2023 Legislature and approved and ratified by the voters at the 2024 General Election.]  The proceeds of the public lands donated by Act of Congress approved July 2, 1862, ch. 130, 12 Stat. 503, and thereafter amended by Act of Congress, for a college for the benefit of Agriculture and Mechanic Arts, including Military tactics, shall be invested by the State of Nevada in the manner required by law in a separate fund to be appropriated exclusively for the benefit of the first named departments to the State University as set forth in Section 4 of this Article. And the Legislature shall provide that if through neglect or any other contingency, any portion of the fund so set apart is lost or misappropriated, the State of Nevada shall replace said amount so lost or misappropriated in said fund so that the principal of said fund shall remain forever undiminished.