LOUISIANA, USA —
Amendment #1
State Budget
On the ballot: “Do you support an amendment to increase to 65% the cap on the amount of monies in certain state funds that may be invested in stocks?”
The increase would apply to the following funds:
- Louisiana Education Quality Trust Fund
- Artificial Reef Development Fund
- Lifetime License Endowment Trust Fund
- Rockefeller Wildlife Refuge Trust and Protection Fund
- Russell Sage or Marsh Island Refuge Fund
The amendment would also remove a provision in the constitution that limits the amount of money in the Millennium Trust that may be invested in stock. Instead, this amendment would allow the legislature to provide for investments by general law.
A yes vote means you support increasing the amount of specific state funds that can be invested in stocks from 35% to 65%.
A no vote means you support keeping the amount at 35%.