Education

EDUCATION. INITIATIVE CONSTITUTIONAL AMENDMENT. Prohibits state and its creations from operating or regulating primary, secondary or technical schools or from specifying, preparing, producing or distributing instructional materials. Requires establishment of Educational Performance Fund to be supported from sales tax revenues, utilization or disposition of publicly-owned educational properties and other revenues determined by the Legislature. Students to receive annually from Fund tax-exempt redeemable certificates in values up to $2,000 based on performance determined by prescribed tests. Authorizes loans to be made from Fund for formation and operation of open enrollment schools through utilization of existing publicly-owned educational properties. Fiscal impact on state or local governments: Because the timing and magnitude of the initiative\u27s financial changes are unknown, the initiative\u27s net fiscal effect cannot be estimated. However, the initiative will cause substantial fiscal changes in state and local support of educational programs