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)

 

 

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