Montana Compensation Insurance Fund Asset Investment, Amendment C-34 (2000)
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.
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.
- Montana 2000 Election Results - The Montana Secretary of State
- Montana 2000 Voter Information Pamphlet