HJR018 | Proposal to Amend Utah Constitution - State School Fund

Description
General Description: 

This joint resolution of the Legislature proposes to amend the Utah Constitution relating to the State School Fund.

Highlighted Provisions: 

This resolution proposes to amend the Utah Constitution to:
change the limit on annual distributions from the State School Fund from 4% to 5%. It also directs the Lt. Governor to submit this proposal to the voters at the next general election. If passed, it would take effect January 2025.

Bill Details
Bill Number: 
HJR018
Year: 
2023
Status: 
House/ to Lieutenant Governor
Last Action: 
Mar 13, 2023
Sponsor
Representative
Jefferson Moss
Republican - District 51
Fiscal Note
Fiscal Note Amount: 
$0
View Fiscal Note
Utah PTA Response
Utah PTA Position
Support
Utah PTA Resolution: 
EDU 2015-1 | School Trust Lands
Impact on Children: 

Conditions have demonstrated that the current Constitutional and statutory 4% restrictions have caused the distribution policy to not meet required intergenerational equity standards by favoring future over present beneficiaries.

Commission: 
Trust Lands
Utah PTA Public Policy Program
National PTA and Utah PTA Resolutions: 

That Utah PTA encourage State and local officials to take all necessary steps to assure that management of the School Trust Lands is in accordance with trust duties and principles including undivided loyalty to the beneficiaries, a duty to make trust property productive, a duty to keep and render accounts, and a duty to exercise prudence and skill in administering the trust, thereby obtaining much-needed revenue for Utah's public schools;