113 STAT. 1682
PUBLIC LAW 106-133—DEC. 7, 1999
Public Law 106-133
106th Congress
Dec. 7, 1999
IH.R. 747]
Arizona
Statehood and
Enabling Act
Amendments of
1999.
An Act
To protect the permanent trust funds of the State of Arizona from erosion due
to inflation and modify the basis on which distributions are made from those
funds.
Be it enacted by the Senate and House of Representatives of
the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the "Arizona Statehood and Enabling
Act Amendments of 1999".
SEC. 2. PROTECTION OF TRUST FUNDS OF STATE OF ARIZONA.
(a) IN GENERAL.—Section 28 of the Act of June 20, 1910 (36
Stat. 574; chapter 310), is amended in the first paragraph by
adding at the end the following: "The trust funds (including all
interest, dividends, other income, and appreciation in the market
value of assets of the funds) shall be prudently invested on a
total rate of return basis. Distributions from the trust funds shall
be made as provided in Article 10, Section 7 of the Constitution
of the State of Arizona.".
(b) CONFORMING AMENDMENTS.—
(1) Section 25 of the Act of June 20, 1910 (36 Stat. 573;
chapter 310), is £unended in the proviso of the second paragraph
by striking "the income therefrom only to be used" and inserting
"distributions from which shall be made in accordemce with
the first paragraph of section 28 and shall be used".
(2) Section 27 of the Act of June 20, 1910 (36 Stat. 574;
chapter 310), is amended by striking "the interest of which
only shall be expended" and inserting "distributions from which
shall be made in accordance with the first paragraph of section
28 and shall be expended".
SEC. 3. USE OF MINERS' HOSPITAL ENDOWMENT FUND FOR ARIZONA
PIONEERS'HOME.
(a) IN GENERAL. —Section 28 of the Act of June 20, 1910 (36
Stat. 574; chapter 310), is amended in the second paragraph by
inserting before the period at the end the following: ", except that
amounts in the Miners' Hospital Endowment Fund may be used
for the benefit of the Arizona Pioneers' Home".
(b) EFFECTIVE DATE. —The amendment made by subsection (a)
shall be deemed to have taken effect on June 20, 1910.
SEC. 4. CONSENT OF CONGRESS TO AMENDMENTS TO CONSTITUTION
OF STATE OF ARIZONA.
Congress consents to the amendments to the Constitution of
the State of Arizona proposed by Senate Concurrent Resolution
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