This constitutional measure would amend and reenact section 24 of Article X of the North Dakota Constitution by depositing ten percent of the revenue from oil extraction taxes in the common schools trust fund and ten percent of the revenue in the foundation aid stabilization fund. Except as otherwise provided, the principal of the foundation aid stabilization fund may be expended upon order of the Governor, only to offset reductions in state aid to school districts due to a revenue shortage. The measure also would allow the legislative assembly to use any excess principal balance of the foundation aid stabilization fund for education-related purposes whenever the balance exceeds fifteen percent of the general fund appropriation for state aid to school districts for the most recently completed biennium.

YES ( ) NO ( )