Election: Oct. 22, 2011 (Primary)
Outcome: Failed
Categories:
ConstitutionConstitutional amendment to provide relative to deposits into the Budget Stabilization Fund.
To provide that if at any time mineral revenues exceed the base provided by law and monies are withdrawn from the Budget Stabilization Fund, no deposit of mineral revenues shall be made to the Budget Stabilization Fund in the same or ensuing fiscal year in which monies in the fund are appropriated or incorporated into the official forecast, except by specific legislative appropriation, and thereafter deposits of mineral revenues into the fund shall resume except in an annual amount not to exceed one-third of the most recent amount appropriated or incorporated into the official forecast.
(Adds Article VII, Section 10.3(C)(5))