HF 3900: Permanent school fund investment, management, and distribution policy modified; and constitutional amendment proposed.
HF 3900 status: Introduced — Secretary of State Chapter 114 05/26/26 (updated May 26, 2026).
What this bill does
Overall score
Bill summary
OfficialPermanent school fund investment, management, and distribution policy modified; and constitutional amendment proposed.. Currently in House.
Key analysis
Impact analysis
Environment
Benefits
- No direct environmental impact identified in the summary
Risks
- No direct environmental impact identified in the summary
Economy
Benefits
- Modernizes investment strategy for state assets
- Potential for improved long-term fiscal management
Risks
- Introduces volatility risks inherent in market-based investments
- Complex administrative transition
Society
Benefits
- May increase long-term revenue for public schools
- Reflects consensus-driven legislative approach
Risks
- Depends on voter approval for constitutional changes
- Potential uncertainty regarding future distribution outcomes
How trustworthy & consequential it is
Source
OpenStates
Confidence
lowlow
Analysis status
OpenStates summary
LegiScan returned a PDF-only document. PDF extraction is not enabled in this build, so the pipeline used a safer fallback.
Analysis based on high-level legislative abstract only
Where it stands
Introduced
CurrentSecretary of State Chapter 114 05/26/26
Committee
UpcomingFloor
UpcomingGovernor
UpcomingEnacted
UpcomingHow it affects your district
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