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North Dakota Education Reserve Fund Amendment (2012)
|Not on Ballot|
| This measure did not or |
will not appear on a ballot
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.
- 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