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Montana Compensation Insurance Fund Investment, C-31 (1996)
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The Montana Compensation Insurance Fund Investment Amendment, also known as C-31, was on the November 5, 1996 ballot in Montana as a legislatively referred constitutional amendment, where it was defeated. The measure would have allowed state compensation insurance money to be invested in private corporate capital stock.[1][2]
Election results
| Montana C-31 (1996) | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
 No | 214,120 | 56.22% | ||
| Yes | 166,752 | 43.78% | ||
Election results via: Montana Secretary of State
Text of measure
The text of the measure can be read here.
Fiscal Statement
If the Montana Board of Investments had invested the maximum of 15% of the State Fund's assets in common stock in FY95, additional income would have been generated. The Montana Common Stock Pool twenty-year return average was 14.78% compared to the State Fund's FY95 return of 10.13%.[3]
See also
- Montana 1996 ballot measures
- 1996 ballot measures
- List of Montana ballot measures
- History of Initiative & Referendum in Montana
External links
Footnotes
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State of Montana Helena (capital) |
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