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Washington Investment of Permanent School Fund, SJR 22, Part 2 (1966)

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Washington Constitution
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Articles
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Amendments
State of Washington Constitutional Amendment 44 was a legislatively-referred constitutional amendment to the Washington State Constitution. It was on the November 8, 1966 ballot in the State of Washington, where it was approved.

Amendment 44 amended Article XVI, Section 5 of the Washington State Constitution.

It was the 44th amendment approved to the Washington State Constitution subsequent to its adoption in 1889.

Election results

Amendment 44
ResultVotesPercentage
Approveda Yes 581,245 72.33%
No222,40127.67%

Ballot question


Shall Article XVI, section 5, (Amendment 1) of the state constitution, restricting investment of the state's permanent school fund to national, state, county, municipal or school district bonds, be amended by removing this restriction and thereby permitting the permanent school fund to be invested in such manner as may be authorized by act of the legislature?

Before Article 44

Before Amendment 44 was enacted, Article XVI, Section 5 said:

"INVESTMENT OF PERMANENT SCHOOL FUND -- None of the permanent school fund shall ever be loaned to private persons or corporations, but it may be invested in national, state, county or municipal bonds."

Article 44

Once Amendment 44 was enacted in 1966, Article XVI, Section 5 said:

"The permanent common school fund of this state may be invested as authorized by law."

See also

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