North Dakota Education Reserve Fund Amendment (2012)

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The North Dakota Education Reserve Fund Amendment did not make the November 2012 ballot in North Dakota as a legislatively-referred constitutional amendment.

The measure would have reserved earnings from the state's "foundation aid stabilization fund" for annual scholarships for top students who attended North Dakota colleges. Specifically, the scholarships would go to students who had scores of 24 or better on the ACT college entrance exam.[1]

Background

See also: North Dakota Oil Tax Revenues Act (1994)

The state's reserve funds were created following a 1994 ballot measure that required a portion of oil extraction tax revenues to be deposited in the common schools trust fund and an equal portion to be deposited in the foundation aid stabilization fund. The measure passed with 75% of voters in favor.

Path to the ballot

See also: Amending the North Dakota Constitution

According to the North Dakota Constitution an amendment proposed by either the House or the Senate required only majority approval.

As of February 8, 2011 the measure failed to be approved by either house.[2]

See also

Articles

External links

References