North Dakota Veterans' Postwar Trust Fund, Measure 4 (1996)

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The North Dakota Veterans' Postwar Trust Fund Initiative, also known as Measure 4, was on the November 5, 1996 ballot in North Dakota as an initiated constitutional amendment, where it was approved.[1] The measure established the veterans' postwar trust fund as a permanent trust fund. The investment of the fund became the responsibility of the state treasurer. All income received from investments was to be utilized for programs which benefit and service to veterans, who are defined by legislative enactment, or their dependents.[2] The measure created Section 25 of Article X of the North Dakota Constitution.

Election results

North Dakota Measure 4 (1996)
ResultVotesPercentage
Approveda Yes 185,361 76.33%
No57,47823.67%

Election results via: North Dakota Secretary of State, Official Vote of General Election, 1996

Text of measure

See also: North Dakota Constitution, Article X, Section 25

Summary

This measure made the veterans' post war trust fund, consisting of moneys transferred or credited to the fund by legislative authorization, a permanent trust fund. It dedicated the fund to be invested by the state treasurer and all income generated from investments of the fund would be appropriated to the administrative committee on veterans' affairs, a 15 member committee appointed by the Governor, on a continuing basis to be utilized for programs and services which benefit veterans or the dependents of veterans. [3]

Constitutional changes

The measure created Section 25 of Article X of the North Dakota Constitution, reading as follows:[2]

The veterans' postwar trust fund shall be a permanent trust fund of the state of North Dakota and shall consist of moneys transferred or credited to the fund as authorized by legislative enactment. Investment of the fund shall be the responsibility of the state treasurer who shall have full authority to invest the fund only in the same manner as the state investment board is authorized to make investments. All income received from investments is to be utilized for programs which must be of benefit and service to veterans, who are defined by legislative enactment, or their dependents, and such income is hereby appropriated to the administrative committee on veterans' affairs on a continuing basis for expenditure upon those programs selected at the discretion of the administrative committee on veterans' affairs.

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