Michigan Proposal C, Deposit of State Funds Amendment (1978)

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Michigan Proposal C

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Election date

November 7, 1978

Topic
Banking policy
Status

ApprovedApproved

Type
Legislatively referred constitutional amendment 		Origin

State legislature


Michigan Proposal C was on the ballot as a legislatively referred constitutional amendment in Michigan on November 7, 1978. It was approved.

A “yes” vote supported allowing the state to deposit state funds into savings and loan associations, credit unions, and banks.

A “no” vote opposed allowing the state to deposit state funds into savings and loan associations, credit unions, and banks.


Election results

Michigan Proposal C

Result Votes Percentage

Approved Yes

1,819,847 66.11%
No 933,101 33.89%
Results are officially certified.
Source


Text of measure

Ballot title

The ballot title for Proposal C was as follows:

“

PROPOSAL C

PROPOSAL TO PERMIT THE DEPOSIT OF STATE FUNDS IN SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS AS WELL AS IN BANKS.

THE PROPOSED AMENDMENT WOULD:

Authorize the deposit of state funds in savings and loan associations and credit unions as well as in banks.

Should this amendment be adopted? 

YES

NO

”

Full Text

The full text of this measure is available here.


Path to the ballot

See also: Amending the Michigan Constitution

A two-thirds vote is required during one legislative session for the Michigan State Legislature to place a constitutional amendment on the ballot. That amounts to a minimum of 74 votes in the Michigan House of Representatives and 26 votes in the Michigan State Senate, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot.

See also

1978 Measures

Michigan

News and analysis


External links

Footnotes

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