Alaska Budget Reserve Fund, Measure 1 (1990)

From Ballotpedia
Jump to: navigation, search
Voting on
state and local
government budgets,
spending and finance
State finance.jpg
Budget policy
Ballot measures
By state
By year
Not on ballot
Alaska Constitution
Seal of Alaska.jpg

The Alaska Budget Reserve Fund Amendment, also known as Measure 1, was on the November 6, 1990 ballot in Alaska as a legislatively-referred constitutional amendment, where it was approved. The measure created a Budget Reserve Fund.[1]

Election results

Alaska Measure 1 (1990)
Approveda Yes 124,280 66.25%

Election results via: Alaska Department of Elections

Text of measure

The language appeared on the ballot as:[1]

Ballot Measure No. 1
Budget Reserve Constitutional Amendment
[HCS CSSSSJR 5 (Fin) am H]

This proposal would create the "Budget Reserve Fund" in the state treasury. Money the state receives from mineral revenue lawsuits or administrative actions would be deposited in the Fund, and invested at competitive rates. The Fund would be used when money available for appropriation in the year is less than the year before, but only to make up the shortfall. The legislature could only appropriate from the Fund for other purposes with a 3/4 vote. At the end of each year, the Fund would have to be paid back from money left in the treasury's general fund. [2]

Constitutional changes

The passing of Measure 1 amended Section 17 of Article IX of the Alaska Constitution.

See also

Suggest a link

External links


  1. 1.0 1.1 ICPSR, "Referenda and Primary Election Materials," accessed January 29, 2015
  2. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.