Nebraska Amendment 1, Municipal Investment of Public Endowment Funds (May 2008)
| Nebraska Amendment 1 | |
|---|---|
|
|
|
| Election date |
|
| Topic State and local government budgets, spending, and finance |
|
| Status |
|
| Type Legislatively referred constitutional amendment |
Origin |
Nebraska Amendment 1 was on the ballot as a legislatively referred constitutional amendment in Nebraska on May 13, 2008. It was approved.
A "yes" vote supported this amendment to authorize cities to invest public endowment funds subject to limitations passed by the state legislature. |
A "no" vote opposed this amendment to authorize cities to invest public endowment funds subject to limitations passed by the state legislature. |
Election results
|
Nebraska Amendment 1 |
||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
|
|
137,047 | 57.83% | ||
| No | 99,920 | 42.17% | ||
Text of measure
Ballot title
The ballot title for Amendment 1 was as follows:
| “ | A constitutional amendment to allow the investment of public endowment funds by cities authorized by the Nebraska Constitution to establish a charter. [ ] For [ ] Against | ” |
Ballot summary
The ballot summary for this measure was:
| “ |
A vote FOR this amendment will authorize the Legislature to permit certain cities to invest public endowment funds in the same manner as would a prudent investor. The cities, acting with care, skill, and diligence, would be responsible to act exclusively to protect and benefit the public endowment investments subject to limitations as the Legislature may provide. A vote AGAINST this amendment will retain the existing restrictions that prohibit investments in stocks of private corporations and associations. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
- See also: Amending the Nebraska Constitution
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 is required for voter approval. However, the number of affirmative votes cast for the measure must be greater than 35% of the total votes cast in the election. This also applies to citizen initiatives.
See also
External links
Footnotes
 |
State of Nebraska Lincoln (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 |
