Committee approves drafting a constitutional amendment and statutory draft to create a long‑term compounding ‘generational’ account

Committee members voted to ask LSO to draft a conceptual constitutional amendment creating a permanent “compounding investment permanent revenue account” (committee shorthand: the generational fund) and to prepare companion statutory options. Treasurer Curt Meyer and other supporters said the goal is to create a permanent, dedicated account that compounds contributions and provides predictable distributions after a maturation period.