Section 5. Investment of Permanent Common School Fund

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Investment of Permanent Common School Fund

The permanent common school fund of this state may be invested as authorized by law.

Summary: Removes the restriction that limits the investment of the state's permanent school fund to national, state, county, municipal, or school district bonds.

Election Date: November 8, 1966

Votes For Ratification: 581,245

Votes Against Ratification: 222,401

Percent for Ratification: 72%

Percent Against Ratification: 28%

Notes:

Amendment Source: 1965 SJR 22

Effective Date Source: https://www.sos.wa.gov/elections/data-research/history-laws-and-litigation/constitutional-amendment-...

Investment of Permanent Common School Fund

Investment of school fund: None of the permanent school fund of this state shall ever be loaned to private persons or corporations, but it may be invested in national, state, municipal or school district bonds.

Summary: Investment of school fund: None of the permanent school fund of this state shall ever be loaned to private persons or corporations, but it may be invested in national, state, municipal or school district bonds.

Election Date: November 6, 1894

Votes For Ratification: 18,884

Votes Against Ratification: 5,598

Percent for Ratification: 77%

Percent Against Ratification: 23%

Notes:

Amendment Source: 1893 SB 16

Effective Date Source: https://www.sos.wa.gov/elections/data-research/history-laws-and-litigation/constitutional-amendment-...

Investment of Permanent Common School Fund

None of the permanent school fund shall ever be loaned to private persons or corporations, but it may be invested in national, state, county, or municipal bonds.

Summary:

Election Date:

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Votes Against Ratification:

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Percent Against Ratification: %

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