Oklahoma State Question 684 (2000)
The official ballot summary reads:
This measure amends the State Constitution. It amends Sections 2, 3, and 5 of Article XI, which deal with the School Land Trust. The United States established the Trust to benefit the State’s common schools and certain State universities. The permanent school fund is part of that Trust. That trust fund must now forever remain intact and the State can never diminish it. The State can now only use the trust fund’s income to aid schools.
The measure changes how the State could use the permanent school fund. The measure allows the State to use more than the fund’s income to aid schools. The measure allows the State to diminish the fund itself to aid schools. The measure allows the State to use between 4 ¾% and 5 ½ % of the market value of the fund for the last three years to aid common schools.The measure also allows the State to use more than trust income to aid the specified universities. The measure allows the State to also diminish the trust fund established to aid the universities. The measure does not set a limit on the amount of trust funds the State could use to aid the universities.
This amendment failed with 554,256 voters in opposition and 569,557 voters supporting the initiative.
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