Louisiana Retirement Fund Investment, Amendment 7 (2008)
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The Louisiana Retirement Fund Investment Amendment, also known as Amendment 7, was on the ballot in Louisiana on November 4, 2008, as a legislatively referred constitutional amendment. It was defeated. It proposed to allow funds reserved for the payment of post-employment benefits, other than pensions, to be invested in equities.[1]
Election results
| Louisiana Amendment 7 (2008) | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
 No | 841,927 | 55.66% | ||
| Yes | 670,756 | 44.34% | ||
Election results via: Louisiana Secretary of State
Background
The Louisiana Constitution prohibits the loan, pledge, or donation of any funds, credit, property, or things of value of the state or of any political subdivision unless specifically excepted. This amendment would provide an exception to this prohibition.[2]
Supporters
Supporters included:
- State Representative Hollis Downs, R-Ruston, sponsor[2]
See also
External links
- 2008 Louisiana Ballot Measures Voter Guide (dead link)
- 2008 Louisiana Election Results
- 2008 Louisiana Ballot Measure Details
Footnotes
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State of Louisiana Baton Rouge (capital) |
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