state land trust; best interest.

Summary

The measure changes Article X, Section 3 of the Arizona Constitution so the state land trust can mortgage or otherwise encumber its lands, but any sale or lease must be done by public auction with extensive notice. It directs the land‑trust commissioner to act in the financial best interest of trust beneficiaries and allows short‑term leases for grazing, agriculture, commercial, homesite, and mineral uses without advertising. The amendment must be approved by voters before taking effect.

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

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