CSSJR 25(JUD): Proposing an amendment to the Constitution of the State of Alaska relating to education.
00 CS FOR SENATE JOINT RESOLUTION NO. 25(JUD) 01 Proposing an amendment to the Constitution of the State of Alaska relating to 02 education. 03 BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. Article IX, Constitution of the State of Alaska, is amended by adding a new 05 section to read: 06 Section 18. Education Fund. (a) The legislature may create an education 07 fund as a separate fund in the state treasury. The principal of the fund consists of land 08 or money appropriated by the legislature. Money in the education fund shall be 09 invested so as to yield competitive market rates to the fund. Income of the fund shall 10 be retained in the fund unless it is appropriated under (b) of this section. Section 7 of 11 this article does not apply to deposits made to the fund or to income retained in the 12 fund. 13 (b) Money in the education fund may be appropriated only for public 14 elementary and secondary education. 15 * Sec. 2. The amendment proposed by this resolution shall be placed before the voters of 16 the state at the next general election in conformity with art. XIII, sec. 1, Constitution of the
01 State of Alaska, and the election laws of the state.