Georgia Amendment 8, Seed-Capital Fund Measure (1988)

Georgia Amendment 8
Election date November 8, 1988
Topic Public economic investment policy and State and local government budgets, spending, and finance
Status Approved
Type Legislatively referred constitutional amendment	Origin State legislature

Georgia Amendment 8 was on the ballot as a legislatively referred constitutional amendment in Georgia on November 8, 1988. It was approved.

A "yes" vote supported authorizing the General Assembly to create a Seed-Capital Fund to support small and young entrepreneurial firms in technology, manufacturing, and agriculture through equity and capital investments managed by the Advanced Technology Development Center.

A "no" vote opposed authorizing the General Assembly to create a Seed-Capital Fund to support small and young entrepreneurial firms in technology, manufacturing, and agriculture through equity and capital investments managed by the Advanced Technology Development Center.

Election results

Georgia Amendment 8
Result		Votes	Percentage
Yes		684,883	50.39%
No		674,250	49.61%

Results are officially certified.

Source

Text of measure

Ballot title

The ballot title for Amendment 8 was as follows:

“

Shall the Constitution be amended so as to authorize the General Assembly to provide by law for the creation of a Seed-Capital Fund from which funds shall be disbursed at the direction of the Advanced Technology Development Center of the University System of Georgia to provide equity and other capital to small, young, entrepreneurial firms engaged in innovative work in the areas of technology, manufacturing, or agriculture and to provide for returns on loans and investments?

”

Path to the ballot

See also: Amending the Georgia Constitution

A two-thirds (66.67%) vote is required during one legislative session for the Georgia State Legislature to place an amendment on the ballot. That amounts to a minimum of 120 votes in the Georgia House of Representatives and 38 votes in the Georgia State Senate, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot.

See also

1988 Measures

• 1988 Measures
• Public economic investment policy on the ballot
• State and local government budgets on the ballot
• spending on the ballot
• and finance on the ballot
• 1988 legislative sessions

Georgia

• Georgia ballot measures
• Georgia ballot measure laws

News and analysis

• Ballot measure lawsuits
• Ballot measure readability
• Ballot measure polls