North Dakota Investment of Institutional Trust Funds Referendum, Amendment 3 (1970)

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The North Dakota Investment of Institutional Trust Funds Referendum, also known as Amendment 3, was on the September 1, 1970 ballot in North Dakota as a legislatively referred constitutional amendment, where it was approved. The measure placed property and money that come to the state for the support of the common schools to be placed in a perpetual trust fund. Only the interest and income of that fund were allowed to be spent for common schools. It also provided for the Board of University and School Lands to control the sale, rental and disposal of all school and university lands. It also repealed a section of the constitution that required the state to make good all losses from the trust funds principal. It also repealed the language regarding what ways the trust fund could be invested and left those decisions to the legislature.

Election results

North Dakota Amendment 3 (1970)
Result		Votes	Percentage
a Yes		48,552	52.78%
No		43,435	52.22%

Election results via: Legislative Manual, Official Vote of North Dakota Primary Election, 1970

Text of measure

The full text of the measure can be read here.

See also

Suggest a link

• North Dakota 1970 ballot measures
• 1970 ballot measures
• List of North Dakota ballot measures
• History of Initiative & Referendum in North Dakota

External links

• North Dakota Secretary of State, Archived Election Results
• Mouse River Farmers Press, Sample Ballot, August 27, 1970

Footnotes

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This historical ballot measure article requires that the text of the measure be added to the page.