Alaska Budget Reserve Amendment (1990)

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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
Approveda Yes 124,280 66.3%

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."

Changes to the Alaska Constitution

The passing of Alaska Budget Reserve Amendment amended Article IX, Section 17 of the Alaska Constitution.

See also

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