Political Quotes

“I want to thank the senior Senator from Arizona for his question. I am familiar with the enabling act's requirements that funds are held in trust for certain beneficiaries, including K-12 public schools, and that distributions are made from Arizona's permanent land endowment trust fund. The 1910 Arizona Enabling Act specified the level of education- funding distributions that must be made from the State land trust fund. In 1999, Congress amended the 1910 act, eliminating the distribution requirement and providing that such distributions be made as provided for in the Arizona Constitution, specifically article 10, section 7. Thus, as I understand it, so long as changes to the education-funding distributions are accomplished by amendments to article 10, section 7 of the Arizona Constitution, and the funds are used for the beneficiaries of the enabling act, the changes to funding distribution amounts from the State land trust are proper. Mr. McCAIN. I thank Senator Murkowski for her answer. I have one further question. I believe, should the voters of the State of Arizona change the amounts distributed to the fund beneficiaries by amending article 10, section 7 of the Arizona Constitution, that the consent of Congress is not required prior to the change taking effect. Would the Senator agree?”