Nebraska Amendment 9, Investment of Educational Funds Measure (1896)
| Nebraska Amendment 9 | |
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| Election date |
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| Topic Public education funding and State and local government budgets, spending, and finance |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Nebraska Amendment 9 was on the ballot as a legislatively referred constitutional amendment in Nebraska on November 3, 1896. It was defeated.
A "yes" vote supported amending the state constitution to authorize the investment of the permanent education funds. |
A "no" vote opposed amending the state constitution to authorize the investment of the permanent education funds. |
Election results
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Nebraska Amendment 9 |
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| Result | Votes | Percentage | ||
| Yes | 78,447 | 68.18% | ||
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36,619 | 31.82% | ||
Text of measure
Ballot title
The ballot title for Amendment 9 was as follows:
| “ | A joint resolution proposing to amend section nine (9) of article eight (8) of the Constitution of the State of Nebraska, providing for the investment of the permanent educational funds of the state. Be it resolved and enacted by the Legislature of the State of Nebraska: Section 9. All funds belonging to the state for educational purposes, the interest and income whereof only are to be used, shall be deemed trust funds held by the state, and the state shall supply all losses thereof that may in any manner accrue, so that the same shall remain forever inviolate and undiminished, and shall not be invested or loaned except on United States or state securities, or registered county bonds or registered school district bonds of this state, and such funds, with the interest and income thereof are hereby solemnly pledged for the purposes for which they are granted and set apart, and shall not be transferred to any other fund for other uses; Provided, The board created by section 1 of this article is empowered to sell from time to time any of the securities belonging to the permanent school fund and invest the proceeds arising therefrom in any of the securities enumerated in this section bearing a higher rate of interest, whenever an opportunity for better investment is presented; And provided further, That when any warrant upon the state treasurer regularly issued in pursuance of an appropriation by the legislature and secured by the levy of a tax for its payment, shall be presented to the state treasurer for payment, and there shall not be any money in the proper fund to pay such warrant, the board created by section 1 of this article may direct the state treasurer to pay the amount due on such warrant from moneys in his hands belonging to the permanent school fund of the state, and he shall hold said warrant as an investment of said permanent school fund. Approved March 29, A. D., 1895. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
A 60% supermajority vote is required during one legislative session for the Nebraska State Legislature to place a constitutional amendment on the ballot. That amounts to a minimum of 30 votes in the unicameral legislature, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot. A simple majority vote of all voters in the election was required to approve the amendment.
See also
External links
Footnotes
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