Oklahoma governor places Vision Fund on election ballot

 

August 10, 2018



OKLAHOMA CITY (AP) — Oklahoma Gov. Mary Fallin has placed on the Nov. 6 general election ballot a proposal to create a new oil and natural gas trust fund to help operate state government.

Fallin said Thursday she signed an executive order scheduling a statewide vote on the Oklahoma Vision Fund ballot question. If State Question 800 is approved, at least 5 percent of gross production tax receipts would be deposited into the fund annually.

No more than 5 percent of the endowment could be used for service payments on bonds. Four percent of the average annual principal balance could be transferred...



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