SLP Badge Transparent.png
Read the
State Legislative Tracker
New edition available now!

South Dakota Establish Healthcare Fund (2001)

From Ballotpedia
Jump to: navigation, search
South Dakota Amendment B was also known as An amendment to Article XII of the South Dakota Constitution authorizing the creation and administration of trust funds for health care and education.

It was on the April 10, 2001 special election ballot in South Dakota as a legislatively-referred constitutional amendment, where it was approved.

Election results

Amendment B
Approveda Yes 63,484 72.5%

Text of measure

The health care fund would be established with funds from the intergovernmental transfer fund. Money in this trust fund is dedicated to health care related programs. The education enhancement trust fund would be established with present and future tobacco settlement funds, proceeds from any sale of the right to receive payments from the tobacco settlement, and funds in the youth-at-risk trust fund. Money in this trust fund is dedicated to education enhancement programs.

The Legislature may appropriate additional money into these trust funds. The South Dakota Investment Council is required to invest these trust funds.

Beginning in fiscal year 2003, the Legislature is required to distribute money from the trust funds. A three-fourths vote of the Legislature is required to appropriate the principal of the trust funds, or to use the trust funds for other purposes.

A vote "yes" will establish the health and education trust funds, provide for investment of the funds, and authorize the distribution of money from these trust funds.

A vote "no" will leave the Constitution as it is.

See also

BallotpediaAvatar bigger.png
Suggest a link

External links