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North Dakota Use of Coal Tax Revenue, Measure 3 (1990)
The North Dakota Use of Coal Tax Revenue Referendum, also known as Measure 3, was on the June 12, 1990 ballot in North Dakota as a legislatively-referred constitutional amendment, where it was defeated. The measure allowed up to 50 percent of coal severance tax moneys deposited in the permanent coal development trust fund during the biennium to be appropriated by the Legislative Assembly for lignite research, development and marketing. The amendment became effective July 1, 1990. Lignite is a type of coal that is dark brown to black in color. The combustible mineral is formed by the partial decomposition of plant material subject to increased pressure and temperature in an airless atmosphere.
|North Dakota Measure 3 (1990)|
Election results via: North Dakota Secretary of State, Official Vote of Primary Election, 1990
Text of measure
The measure created the following changes to Section 21 of Article X, with the underlined text being added:
|Section 21. Not less than fifteen percent of the tax imposed for severing coal shall be placed into a permanent trust fund in the state treasury to be held in trust and administered by the board of university and school lands, which shall have full authority to invest said trust funds as provided by law, and may loan moneys from the fund to political subdivisions as provided by law. The interest earned on the moneys in said trust fund shall be used first to replace uncollectable loans made from the fund, and the balance shall be credited to the general fund of the state. Up to fifty percent of the taxes collected and deposited in the permanent trust fund during a biennium may be appropriated by the legislative assembly for lignite research, development, and marketing as provided by law.|
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- 1990 ballot measures
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