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2008 Ballot Issue C-44
The 2007 Legislature submitted this proposal for a vote. This measure would amend the Montana Constitution to allow up to 25 percent of all state trust fund assets to be invested in private corporate capital stock. Currently, the Constitution allows only Retirement Funds and Workers’ Compensation Insurance Funds to be invested in private corporate capital stock.
In the short term, it is expected that income will be reduced while trust monies are transferred from bonds to stocks. In the long term, if historical investment performance continues, trust fund income may increase because aggregate stock values are expected to appreciate, while bond values do not.
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Ballot Language of Constitutional Amendment No. 44
C-44
AN ACT SUBMITTING TO THE QUALIFIED ELECTORS OF MONTANA AN AMENDMENT TO ARTICLE VIII, SECTION 13, OF THE MONTANA CONSTITUTION TO ALLOW UP TO 25 PERCENT OF CERTAIN PUBLIC FUNDS TO BE INVESTED IN PRIVATE CORPORATE CAPITAL STOCK; AND PROVIDING AN IMMEDIATE EFFECTIVE DATE.
[ ] FOR allowing up to 25% of all public funds presently restricted to fixed income investments to be invested in private corporate capital stock.
[ ] AGAINST allowing up to 25% of all public funds presently restricted to fixed income investments to be invested in private corporate capital stock.
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If you have questions about ballot issues, contact the Elections Bureau at (406) 444-5346, email soselection@mt.gov, or call the Secretary of State's toll-free voter hotline toll-free at 1-888-884-VOTE (8683).
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