permanent funds; land trust; distributions.

Summary

The measure would add a new section to the state constitution establishing separate permanent funds for each land grant, outlining how the money is invested and how much is paid out each year. It aims to protect the principal, generate earnings, and direct a portion of those earnings to basic state aid and school funding. The changes require voter approval at the next general election.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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