Clerk session vote number: 357
Description: Arizona Statehood and Enabling Act Amendments
Bill summary: Arizona Statehood and Enabling Act Amendments of 1999 - Requires: (1) the permanent trust funds of Arizona, including all interest, dividends, other income, and appreciation in the market value of assets of the funds, to be prudently invested on a total rate of return basis; and (2) distributions from such funds to be made as provided in Arizona's Constitution.
Allows amounts in the Miners' Hospital Endowment Fund to be used for the Arizona Pioneers' Home and makes such amendment effective as
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of June 20, 1910.
Declares that Congress consents to the amendments to the Constitution of the State of Arizona approved by the voters of Arizona on November 3, 1998.
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Bill titles: To protect the permanent trust funds of the State of Arizona from erosion due to inflation and modify the basis on which distributions are made from those funds.
Links for more info on the vote: congress.gov