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 distributions from the common schools trust fund, along with other specified revenues, must be utilized solely for the benefit of common schools and cannot be diverted for any other purposes. Additionally, it outlines the calculation method for biennial distributions, which will be based on a percentage of the five-year average value of trust assets, excluding lands and minerals. The proposed changes are set to be presented to the qualified voters of North Dakota during the general election in 2026.