Montana Big Sky Dividend, Amendment CI-63 (1992)
CI-63 was regarding the spending of the Coal Severance Tax Trust Fund principle on local government facilities and improvements.
|CI-63 (Big Sky Dividend)|
Official results via: The Montana Secretary of State
Text of measure
The language that appeared on the ballot:
- An amendment to the Constitution proposed by initiative petition.
- The Montana Constitution requires that at least 50% of coal severance taxes be dedicated to a trust fund. The Legislature may spend trust fund interest and earnings by majority vote, bu may not spend its principal without a 3/4 vote of each Legislative house. This initiative would amend the Constitution to require that the coal severance taxes deposited in the trust fund for the next ten years be placed in a special fund. The special fund's principal could be appropriated by majority vote of the Legislature solely for the purpose of financing capital costs of local government facilities and improvements.
- FISCAL NOTE: The proposal redirects coal severance tax revenues for ten years from the permanent trust account to the Big Sky Dividend Program. Approximately $168.0 million will be available from the trust account, over the ten-year period, for the purpose of financing capital costs of facilities and improvements for local government units.
- List of Montana ballot measures
- 1992 ballot measures
- Montana 1992 ballot measures
- Montana Treasure State Endowment Fund Act, LR-110 (1992)
- Amendments to the 1972 Montana Constitution - The Montana Secretary of State
- Montana 1992 General Election Results - The Montana Secretary of State
- Montana 1992 General Election Voter Information Pamphlet
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