Alaska Budget Reserve Fund, Measure 1 (1990)
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The Alaska Budget Reserve Fund Amendment, also known as Measure 1, was on the November 6, 1990 ballot in Alaska as a legislatively referred constitutional amendment, where it was approved. The measure created a Budget Reserve Fund.[1]
Election results
| Alaska Measure 1 (1990) | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
 Yes | 124,280 | 66.25% | ||
| No | 63,307 | 33.75% | ||
Election results via: Alaska Department of Elections
Text of measure
The language appeared on the ballot as:[1]
| “ | This proposal would create the "Budget Reserve Fund" in the state treasury. Money the state receives from mineral revenue lawsuits or administrative actions would be deposited in the Fund, and invested at competitive rates. The Fund would be used when money available for appropriation in the year is less than the year before, but only to make up the shortfall. The legislature could only appropriate from the Fund for other purposes with a 3/4 vote. At the end of each year, the Fund would have to be paid back from money left in the treasury's general fund. [2] |
” |
Constitutional changes
The passing of Measure 1 amended Section 17 of Article IX of the Alaska Constitution.
See also
External links
Footnotes
- ↑ 1.0 1.1 ICPSR, "Referenda and Primary Election Materials," accessed January 29, 2015
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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