Election: Nov. 8, 2022 (General)
Outcome: Failed
Categories:
Finance and BankingThe amendment would increase the portion of money in certain state funds that could be invested in equities (stocks) from 35% to 65%. 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; and
Russell Sage or Marsh Island Refuge Fund.
The amendment would also remove a provision in the constitution that limits the legislature's ability to increase the amount of money in the Millennium Trust that may be invested in stock and instead allows the legislature to provide for investments by general law.
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