Alaska Measure 1, Creation of Budget Reserve Fund Amendment (1990)
| Alaska Measure 1 | |
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| Election date |
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| Topic Budget stabilization funds |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Alaska Measure 1 was on the ballot as a legislatively referred constitutional amendment in Alaska on November 6, 1990. It was approved.
A "yes" vote supported creating the Budget Reserve Fund, investing revenue from mineral-related lawsuits and administrative actions in the Fund, allowing withdrawals to offset year-over-year declines in available appropriations, and requiring a three-fourths legislative vote for other uses. |
A "no" vote opposed creating the Budget Reserve Fund, investing revenue from mineral-related lawsuits and administrative actions in the Fund, allowing withdrawals to offset year-over-year declines in available appropriations, and requiring a three-fourths legislative vote for other uses. |
Election results
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Alaska Measure 1 |
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| Result | Votes | Percentage | ||
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124,280 | 66.25% | ||
| No | 63,307 | 33.75% | ||
Text of measure
Ballot title
The ballot title for Measure 1 was as follows:
| “ | 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 could 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. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
- See also: Amending the Alaska Constitution
A two-thirds vote in each legislative chamber of the Alaska State Legislature during one legislative session to refer a constitutional amendment to the ballot. That amounts to a minimum of 27 votes in the Alaska House of Representatives and 14 votes in the Alaska State Senate, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot.
See also
Footnotes
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State of Alaska Juneau (capital) |
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