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Arizona Investment of State Trust Funds, Proposition 102 (1998)

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Arizona Proposition 102, also known as the Amend the Constitution Relating to Investment of State Trust Funds Act, was on the November 3, 1998 election ballot in Arizona as a legislatively-referred constitutional amendment. It was approved.[1]

Election results

Investment of State Trust Funds
ResultVotesPercentage
Approveda Yes 488,711 53.3%
No427,66546.7%
Election results from Arizona Elections Department.

Text of measure

The language that appeared on the ballot:

This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.

Would amend the Arizona Constitution to expand investment options for State Trust funds, allowing investment in equity securities, such as stocks. The Board of Investments would manage funds under conditions set out in the Constitution; require investment according to "The Prudent Investor Rule;" permit certain payments out of permanent funds to designated state institutions.[2]

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