Measure on the ballot in the 2022 Louisiana Primary Election in Louisiana.
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Get StartedProposing to amend Article VII, Sections 10.1(B), 10.8(B), 10.11(D), and 14(B) of the Constitution of Louisiana, to modify the maximum amount of monies in certain state funds that may be invested in equities; to provide for submission of the proposed amendment to the electors; and to provide for related matters.
A "yes" vote supports increasing the cap on certain state funds invested in stocks from 35% to 65%
A "no" vote supports retaining the current cap of 35% on certain state funds invested in stocks.
"State investments in constitutionally protected trust funds are limited to ultrasafe financial instruments, but returns can be very sparse. This will give the state more flexibility in investment choices like stocks and bonds. This appears to be in line with practices in other states." - NOLA.com Staff Editorial, in support of Constitutional Amendment No. 1 (ACT 130, 2021 - HB 154) (Learn more)
"The stock market is volatile even in the best of financial times. Shifting more of the state's investment portfolio into stocks, rather than government bonds, certificates of deposit and other low-yield instruments exposes the trust funds to greater risk and loss possibilities in the short-term, depending on market conditions. That could leave less money available for important programs that rely on the investment earnings. Inflation is raising interest rates for safer investment streams while creating more uncertainty in the stock market." - Public Affrais Research of Louisiana Guide to the 2022 Constitutional Amendments (example argument; not a recommendation), in opposition to Constitutional Amendment No. 1 (ACT 130, 2021 - HB 154) (Learn more)
Do you support an amendment to increase to 65% the cap on the amount of monies in certain state funds that may be invested in stocks? (Amends Article VII, Sections 10.1(B), 10.8(B), 10.11(D), and 14(B))
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