South Dakota Cement-Plant Trust Amendment, Constitutional Amendment O (2012)
|Constitutional Amendment O|
|Type:||legislatively-referred constitutional amendment|
|Constitution:||South Dakota Constitution|
|Referred by:||South Dakota Legislature|
- See also: 2012 ballot measure election results
The following are official election results:
|South Dakota Amendment O|
Official results via South Dakota Secretary of State.
Text of measure
The official ballot text read as follows:
Title: An Amendment to the South Dakota Constitution changing the method for distributions from the cement plant trust fund.
Explanation: In 2001, the $238 million in proceeds from the sale of the state cement plant were placed in a constitutionally created trust fund. Currently, the Constitution requires a yearly transfer of $12 million from the cement plant trust fund to the state general fund. In addition, under certain circumstances the Legislature must authorize distributions of cement plant trust fund earnings for the support of education.
Amendment O replaces the existing method for cement trust fund distributions. The amendment would require a yearly transfer of 4% of the market value of the cement plant trust fund to the state general fund for the support of education.
A vote “Yes” is for changing the method for distributions from the cement plant trust fund.
A vote “No” will leave the Constitution as it is.
No formal support was identified.
No formal opposition was identified.
Path to the ballot
The South Dakota House of Representatives voted in favor of the measure on February 13, 2012, with a vote of 64-3. According to reports, the measure was sent to the ballot after legislature passed it by the end of 2012 session.
- ↑ 1.0 1.1 Mitchell Report, "SD House wants another ballot attempt to change cement plant payouts", February 14, 2012
- ↑ Mitchell Republic, "Legislature places balanced-budget constitutional amendment on ballot", February 29, 2012
- ↑ South Dakota Secretary of State,"Constitutional Amendment O," retrieved August 28, 2012