A more thorough explanation:

Definition: Public real estate set apart for sale or exploitation by a state to establish and fund public schools.

Examples: In some states, the government sets aside certain lands to be sold or used to fund public schools. For example, in Oklahoma, the state has over 1.5 million acres of school land that is leased to generate revenue for education. In Nebraska, the state sells school lands to raise money for schools.

Explanation: School land refers to public land that is specifically designated for the purpose of funding public schools. The government may sell or lease this land to generate revenue that is then used to support education. The examples illustrate how different states use school land to fund their public schools.