Your monthly support provides voters the knowledge they need to make confident decisions at the polls. Donate today.
Arizona Proposition 118, State Land Trust Permanent Endowment Fund Amendment (2012)
| Arizona Proposition 118 | |
|---|---|
|
|
|
| Election date |
|
| Topic State and local government budgets, spending, and finance |
|
| Status |
|
| Type Legislatively referred constitutional amendment |
Origin |
Arizona Proposition 118 was on the ballot as a legislatively referred constitutional amendment in Arizona on November 6, 2012. It was approved.
A "yes" vote supported adjusting the distribution formula for the State Land Trust Permanent Endowment Fund to 2.5% of the average monthly market value of the fund. |
A "no" vote opposed adjusting the distribution formula for the State Land Trust Permanent Endowment Fund to 2.5% of the average monthly market value of the fund. |
Election results
|
Arizona Proposition 118 |
||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
|
|
950,938 | 50.52% | ||
| No | 931,238 | 49.48% | ||
Text of measure
Ballot title
The ballot title for Proposition 118 was as follows:
| “ | PROPOSING AN AMENDMENT TO THE CONSTITUTION OF ARIZONA; AMENDING ARTICLE X, SECTION 7, CONSTITUTION OF ARIZONA; RELATING TO THE ESTABLISHMENT OF PERMANENT FUNDS. | ” |
Ballot summary
The ballot summary for this measure was:
| “ | CHANGES THE DISTRIBUTION FORMULA FOR THE STATE LAND TRUST PERMANENT ENDOWMENT FUND, WHICH FUNDS VARIOUS PUBLIC INSTITUTIONS, INCLUDING SCHOOLS, TO BE 2.5% OF THE AVERAGE MONTHLY MARKET VALUES OF THE FUND FOR THE IMMEDIATELY PRECEDING FIVE CALENDAR YEARS. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
- See also: Amending the Arizona Constitution
A simple majority vote was needed in each chamber of the Arizona State Legislature to refer the constitutional amendment to the ballot for voter consideration.
See also
External links
Footnotes
 |
State of Arizona Phoenix (capital) |
|---|---|
| Elections |
What's on my ballot? | Elections in 2025 | How to vote | How to run for office | Ballot measures |
| Government |
Who represents me? | U.S. President | U.S. Congress | Federal courts | State executives | State legislature | State and local courts | Counties | Cities | School districts | Public policy |
