Primary Election: Tuesday, August 28, 2012
star General Election: Tuesday, November 6, 2012

Proposition 118

Establishment Of Permanent Funds

A concurrent resolution proposing an amendment to the constitution of Arizona; amending Article x, Section 7, constitution of Arizona; relating to the establishment of permanent funds.

A "yes" vote shall have the effect of changing the distribution formula for the State Land Trust Permanent Endowment Fund, which funds various public institutions, including schools, to be 2.5% of the average monthly market values of the Fund for the immediately preceding five calendar years. The change would affect fiscal years 2013 through 2021.

A "no" vote shall have the effect of keeping current constitutional law related to the distribution formula of the State Land Trust Permanent Endowment Fund.

Full Text of Proposed Amendment (PDF)



The Propositions

Vote SmartFind out more about each proposition. Learn the submitted arguments for and against each proposition, what effect a "Yes" or a "No" vote would have, and watch videos of any related coverage on Horizon.

Ballot Measures:

Click Here for Analysis of Ballot Measures



Your Vote

Ballot Help Sheet

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Voter Polls

What do Arizona voters think about issues like education, immigration, state budget and other challenges facing our state? Find out in these recent statewide polls.

Merrill/Morrison Institute Polls