2006 Nov 7 :: State of Idaho :: Constitutional AmendmentConstitutional Amendments S.J.R. 107 - Establishing Millenium Fund See summary »

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Summary

Shall the Constitution of the State of Idaho be amended by the addition of a new Section 18, Article VII, to create an Idaho Millennium Permanent Endowment Fund to consist of eighty percent of the moneys received each year by the state of Idaho on and after January 1, 2007, pursuant to the Master Settlement Agreement entered into between tobacco product manufacturers and the state of Idaho, and any other moneys that may be appropriated or otherwise directed to the Idaho Millennium Permanent Endowment Fund by the legislature, including other moneys or assets that the Idaho Millennium Permanent Endowment Fund receives by bequest or private donation, to provide that such moneys shall remain inviolate and intact except that the state treasurer shall distribute five percent of the Idaho Millennium Permanent Endowment Fund's average monthly fair market value for the first twelve months of the preceding twenty-four months to the Idaho Millennium Income Fund, to provide that such distribution shall not exceed the Idaho Millennium Permanent Endowment Fund's fair market value on the first business day of July; to create an Idaho Millennium Income Fund, subject to appropriation as provided by law, to consist of the distribution from the Idaho Millennium Permanent Endowment Fund and other moneys that may be appropriated or otherwise directed to the Idaho Millennium Income Fund as provided by law; and to provide that the remaining twenty percent of the moneys received by the state of Idaho on and after January 1, 2007, pursuant to the Master Settlement Agreement entered into between tobacco product manufacturers and the state of Idaho and the earnings thereon, shall be deposited to the Idaho Millennium Fund, to provide that the Idaho Millennium Fund may consist of any other moneys that may be appropriated or otherwise directed to the Idaho Millennium Fund by the legislature, including other moneys or assets that the Idaho Millennium Fund receives by bequest or private donation, to provide that moneys in the Idaho Millennium Fund shall be allowed to accumulate, but shall not exceed a maximum limit as determined by law, to provide that any amounts so accumulating in the Idaho Millennium Fund which exceed the maximum limit, shall be transferred, no less than once a year, to the Idaho Millennium Permanent Endowment Fund and to provide that such moneys and earnings in the permanent endowment fund shall also remain inviolate and intact?

2006 Nov 7 :: State of Idaho :: Constitutional AmendmentConstitutional Amendments S.J.R. 107 - Establishing Millenium Fund See summary »

Ballot Question Results

View results as: # | %  
County
Yes
No
Total Votes Cast
Totals
 
229,980
165,970
395,950
Totals
 
229,980
165,970
395,950
 

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