Montana Compensation Insurance Fund Asset Investment, Amendment C-34 (2000)

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The Montana Compensation Insurance Fund Asset Investment Amendment, also known as C-34, was a legislatively-referred constitutional amendment on the November 7, 2000 ballot in Montana, where it was approved.

Election results

C-34
ResultVotesPercentage
Approveda Yes 197,399 52.2%
No180,85047.8%

Official results via: The Montana Secretary of State

Text of measure

The language that appeared on the ballot:

The Legislature submitted this proposal for a vote. It would amend the Montana Constitution to allow monies in the state workers’ compensation insurance fund to be invested in private corporate capital stock. Up to 25% of the state fund’s assets could be invested in the stock market. Currently, the constitution prohibits such investment of public funds, except for monies contributed to a retirement fund. Like pension funds, workers' compensation investments would be managed by the State Board of Investments in accordance with recognized standards of financial management.
This measure authorizes the State Board of Investments to invest up to 25% of the workers' compensation fund in the stock market. Average return on investments is expected to be higher over the long term if the measure is passed.[1]

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