Alaska Budget Reserve Amendment (1990)
From Ballotpedia
An Alaska Budget Reserve Amendment was a proposed legislatively-referred constitutional amendment to the Alaska Constitution, which appeared on the November 6, 1990 election ballot in Alaska, where it was approved.[1]
Election results
| Alaska Budget Reserve Initiative | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
 Yes | 124,280 | 66.3% | ||
| No | 63,307 | 33.7% | ||
Text of measure
The language that appeared on the ballot said, "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."
See also
- Alaska 1990 ballot measures
- 1990 ballot measures
- List of Alaska ballot measures
- List of ballot measures by year
- List of ballot measures by state
External links
- National Conference of State Legislatures Ballot Measures Database
- I and R Institute, History of Alaska's Initiatives
References
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