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Nevada Economic Development Investment, Question 1 (2000)

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The Nevada Economic Development Investment Question, also known as Question 1, was a legislatively-referred constitutional amendment in Nevada which was defeated on the ballot on November 7, 2000.

Election results

Nevada Question 1 (2000)
ResultVotesPercentage
Defeatedd No341,28859.31%
Yes 234,104 40.69%

Official results via: Nevada Legislative Counsel Bureau - Research Division

Text of measure

The language that appeared on the ballot said:

Shall the Nevada Constitution be amended to allow the investment of State money in a company, association, or corporation to assist economic development and the creation of new high-quality jobs?[1][2]

The language that appeared in the voter's guide:

EXPLANATION
The Nevada Constitution currently prohibits the State from investing its money in any company, association, or corporation, except for corporations formed for educational or charitable purposes. The proposed amendment would enable the Legislature to authorize the prudently managed investment of State money subject to the following conditions:
1. That the investment is for the economic diversification or development of Nevada or for the creation of new high-quality employment opportunities in Nevada;
2. That the State can expect a reasonable rate of return on the investment, adjusted for the relative degree of risk;
3. That any legislation authorizing such an investment must be approved by a two-thirds vote of each house of the Nevada Legislature and also by the Governor;
4. That the state’s participation must be made in cooperation with knowledgeable private investors on terms that are the same as or more favorable than those of the private investors; and
5. That revenue received from these investments may be reinvested under the same conditions.[1]

See also

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References

  1. 1.0 1.1 Nevada Legislative Counsel Bureau - Research Division, 2000 Ballot Question Guide with Election Results
  2. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.