Montana Trust Fund Amendment, 2010
|Not on Ballot|
| This measure did not or |
will not appear on a ballot
Text of measure
The ballot language of measure read:
CI-103 amends the Montana Constitution to require the legislature to transfer at least 10 percent of the state’s share of oil and natural gas production taxes to the Older Montanans Trust Fund. The legislature can spend trust income for services, as defined by state law, to benefit Montana residents age 60 or older. Unless the trust principal exceeds $100 million, the legislature may spend the principal for those services only by a vote of three-fourths of both houses.
- [ ] FOR amending the Montana Constitution to transfer state oil and gas tax revenue to a trust fund to provide services for older Montanans.
- [ ] AGAINST amending the Montana Constitution to transfer state oil and gas tax revenue to a trust fund to provide services for older Montanans.
- (1) The legislature shall annually dedicate not less than ten percent(10%) of the state’s share of the proceeds of oil and natural gas production taxes to the older Montanans trust fund. This fund shall also be endowed with money transferred from the statutorily created older Montanans trust fund.
- (2) When the trust’s principle is less than one hundred million dollars ($100,000,000) it may not be appropriated except by vote of three-fourths (3/4) of the members of each house of the legislature.
- (3) Trust interest and income and principal in excess of one hundred million dollars ($100,000,000) may be expended upon a majority of both houses of the legislature to fund services for older Montanans as provided by law.
Path to the ballot
Petition circulators had until the June 18, 2010 petition drive deadline to turn in the required 48,673 signatures, since the proposed measure is a citizen-initiated constitutional amendment. Reports out of Montana awere saying that the measure's sponsors were certain that they had not collected enough signatures to qualify it for the ballot. Counties had until July 16, 2010 to send verified signatures to the Montana Secretary of State's office, where the Secretary of State may or may not qualify it for the ballot, pending another review of signatures. The measure did not collect enough signatures for the ballot, however.
- Montana 2010 ballot measures
- 2010 ballot measures
- Montana State Senate
- Montana House of Representatives
- Montana signature requirements
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- Battle of the ballots
- Ballot Measures
- Montana Secretary of State, "Proposed 2010 ballot measures"
- Montana Secretary of State, "Ballot Language"
- Montana Secretary of State, "Constitutional Initiative No. 103 (CI-103)"
- Billings Gazette, "2 initiatives likely qualified for fall ballot; 4 are question marks", June 18, 2010
- The Missoulian, "3 ballot measures qualify for November", July 20, 2010