Constitutional Amendment proposal to modify the permanent school fund investment, management, and distribution policy

This bill proposes a constitutional amendment to change how Minnesota's permanent school fund is managed and distributed. If approved by voters, the fund would be managed to provide annual distributions to school districts while preserving its value for the future. The bill also changes the statutory calculation for the distributable amount from the fund, setting it at 4.5 percent of the average net asset value over the previous three years.

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