Minnesota Amendment 1, Consolidation of Swamp Land and Permanent School Funds and Establish Distribution and Investment Requirements Amendment (1962)
| Minnesota Amendment 1 | |
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| Election date |
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| Topic Public education funding |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Minnesota Amendment 1 was on the ballot as a legislatively referred constitutional amendment in Minnesota on November 6, 1962. It was approved.
A "yes" vote supported amending the Minnesota Constitution to consolidate the swamp land and the permanent school funds, and establish distribution requirements and investment restrictions for them. |
A "no" vote opposed amending the Minnesota Constitution to consolidate the swamp land and the permanent school funds, and establish distribution requirements and investment restrictions for them. |
Election results
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Minnesota Amendment 1 |
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| Result | Votes | Percentage | ||
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828,880 | 74.18% | ||
| No | 288,490 | 25.82% | ||
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- Results are officially certified.
- Source
Text of measure
Ballot title
The ballot title for Amendment 1 was as follows:
| “ | "Shall the Constitution of the State of Minnesota, Article VIII, Sections 2, 5, and 6, be amended to consolidate the swamp land fund and the permanent school fund; making the fund created thereby, perpetual, and distributing the net interest and dividends arising from the investment thereof to the different school districts of the state in proportion to the number of scholars in each district between the ages of five and twenty-one years; and authorizing the investment of not more than 20 percent thereof in certain corporate stocks and not more than 40 percent thereof in certain corporate bonds, subject to limitations to be prescribed by law, to secure the maximum return thereon consistent with the maintenance of the perpetuity of the fund? Yes No" | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
- See also: Amending the Minnesota Constitution
A simple majority vote is required during one legislative session for the Minnesota State Legislature to place a constitutional amendment on the ballot. That amounts to a minimum of 68 votes in the Minnesota House of Representatives and 34 votes in the Minnesota State Senate, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot.
Ratifying an amendment requires a 'Yes' vote from a simple majority of all voters casting a ballot in the election, rather than a simple majority of those voting on the question.
See also
External links
Footnotes
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State of Minnesota St. Paul (capital) |
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