Montana Compensation Insurance Fund Investment, C-31 (1996)

From Ballotpedia
Jump to: navigation, search
Voting on Labor and Unions
Labor and unions.jpg
Ballot Measures
By state
By year
Not on ballot
Montana Constitution
Flag of Montana.png
Preamble
Articles
IIIIIIIVVVIVIIVIIIIXXXIXIIXIIIXIVSchedule

The Montana Compensation Insurance Fund Investment Amendment, also known as C-31, was on the November 5, 1996 ballot in Montana as a legislatively-referred constitutional amendment, where it was defeated. The measure would have allowed state compensation insurance money to be invested in private corporate capital stock.[1][2]

Election results

Montana C-31 (1996)
ResultVotesPercentage
Defeatedd No214,12056.22%
Yes 166,752 43.78%

Election results via: Montana Secretary of State

Text of measure

The text of the measure can be read here

Fiscal Statement

If the Montana Board of Investments had invested the maximum of 15% of the State Fund's assets in common stock in FY95, additional income would have been generated. The Montana Common Stock Pool twenty-year return average was 14.78% compared to the State Fund's FY95 return of 10.13%.[3]

See also

BallotpediaAvatar bigger.png
Suggest a link

External links

References


BallotMeasureFinal badge.png
This historical ballot measure article requires the text of the measure to be added to the page.