[Congressional Record Volume 161, Number 185 (Friday, December 18, 2015)]
[Senate]
[Pages S8876-S8877]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
ARIZONA STATEHOOD AND ENABLING ACT AMENDMENTS OF 1999
Mr. McCAIN. Mr. President, we wish to speak today about the Arizona
Statehood and Enabling Act Amendments of 1999 concerning the investment
allocation and distribution of revenues in the State of Arizona's
permanent land endowment trust fund. This fund consists of moneys
derived from the sale of State trust land that was conveyed to the
State of Arizona on admission to the Union in 1912. The State of
Arizona was granted approximately 10.9 million acres of land at
statehood and today holds in trust over 9 million acres. Every year,
revenues generated from trust land uses must be deposited in the fund
and used solely for the benefit of beneficiaries specified in the
Constitution of the State of Arizona, predominately Arizona's K-12
public schools.
The Arizona Statehood and Enabling Act Amendments of 1999 repealed
strict investment and distribution limitations imposed on the fund by
the Congress in the State's enabling act. It also granted the voters of
the State of Arizona the authority to adjust distributions to the fund
beneficiaries. To accomplish that objective, Congress specifically
amended section 28 of the Arizona Enabling Act of 1910 to read,
``Distributions from the trust funds shall be made as provided in
article 10, Section 7 of the Constitution of the state of Arizona.''
The Congressional Budget Office estimate, which was included in the
House of Representatives Committee report, indicated that ``[e]nactment
of this bill would give Arizona state officials greater flexibility in
investing and distributing the assets of the state's permanent funds.''
My understanding is that this reference to the Constitution of the
State of Arizona, in section 28 of the enabling act, authorizes the
voters of the State of Arizona to amend their constitution to authorize
different distributions than those in place in 1999, including
distributions that may pay out more funds to the beneficiaries. I ask
the senior Senator from Alaska: Would she agree?
Ms. MURKOWSKI. 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?
Ms. MURKOWSKI. Senator McCain, because Congress specified that
distributions may be made as determined
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in article 10, section 7, of the Arizona Constitution, I share his view
that Congress need not provide consent.
Mr. McCAIN. I thank the Senator from Alaska for her response.
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