The resolution proposes an amendment to section 2 of article IX of the North Dakota Constitution, allowing for the distribution of funds from the common schools trust fund to support school construction across the state. Specifically, it authorizes a total of three billion dollars to be allocated over a ten-year period, with annual distributions of three hundred million dollars. This funding aims to enhance the infrastructure of common schools while ensuring that the trust fund's resources are exclusively used for educational purposes.
The amendment also stipulates that the distributions from the common schools trust fund must be utilized solely for the benefit of common schools and cannot be diverted for any other purposes. Additionally, it outlines the calculation of biennial distributions from the perpetual trust funds, which will be set at ten percent of the five-year average value of trust assets, excluding lands and minerals. Furthermore, for the 2027-28 through 2035-36 bienniums, an extra six hundred million dollars will be included in the biennial distributions to specifically fund school construction projects statewide. This proposed amendment will be submitted to the voters of North Dakota during the general election in 2026.