Alaska Budget Reserve Amendment (1990)

From Ballotpedia

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A Alaska Budget Reserve Amendment was on the 1990 election ballot in Alaska as a proposed legislatively-referred constitutional amendment to the Alaska Constitution. It was approved.

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."

Alaska Budget Reserve Amendment (1990)
Yes or no	Votes	Percentage
Yes	-	66.3%
No	-	33.7%
Total votes	-	100% precincts

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