Louisiana Higher Education to Invest in Stock, Amendment 8 (2002)

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Louisiana Amendment 8 would have been an exception to permit institutions of higher education or their respective management boards to invest in stocks of up to 50%. It was on the November 7, 2002 election ballot in Louisiana where it was defeated, with 49% of voters in favor.

Election results

Amendment 8
ResultVotesPercentage
Defeatedd No508,64550.94%
Yes 489,884 49.06%

Text of measure

The language that appeared on the ballot:

Act 1235 (HB 508) 2001 Regular Session

To authorize the institutions of higher education or their management boards to invest in stocks up to fifty percent of certain funds received from gifts and grants, endowments, and other funds.

(Amends Article VII, Section 14(B))

See also

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References