Robert Stump said "Mr. Speaker, H.R. 747 amends the 1910 act of Congress that granted the State of Arizona's entry into the Union. This bill makes two minor changes to the Arizona Enabling Act relating to the administration of state trust funds. This legislation is supported by the Governor of Arizona, our State Treasurer, State Attorney General, State Legislature, and most importantly, the citizens of Arizona through their approval of this change through the ballot process. On November 3, 1998, Arizona voters passed Proposition 102. This ballot measure amended the Arizona constitution to authorize the investment of Permanent Land Trust Fund monies in equity securities. These trust fund monies derive from the sale of State Trust Lands granted to Arizona by the federal government at statehood." @ PoliticalQuotes.com

On the recordAugust 2, 1999

Mr. Speaker, H.R. 747 amends the 1910 act of Congress that granted the State of Arizona's entry into the Union. This bill makes two minor changes to the Arizona Enabling Act relating to the administration of state trust funds. This legislation is supported by the Governor of Arizona, our State Treasurer, State Attorney General, State Legislature, and most importantly, the citizens of Arizona through their approval of this change through the ballot process. On November 3, 1998, Arizona voters passed Proposition 102. This ballot measure amended the Arizona constitution to authorize the investment of Permanent Land Trust Fund monies in equity securities. These trust fund monies derive from the sale of State Trust Lands granted to Arizona by the federal government at statehood.

Said by

Robert Stump

Republican · Arizona

Source

govinfo.gov

Editor's note · Context

Discussing H.R. 747, the Arizona Statehood and Enabling Act Amendments of 1999.

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