South Carolina Capital Reserve Fund Amendment, Amendment 4 (2010)
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The South Carolina Capital Reserve Fund Amendment, also known as Amendment 4 was on the November 2, 2010 ballot in South Carolina as a legislatively referred constitutional amendment, where it was approved.
The amendment provided that money in the Capital Reserve Fund must first be used to replenish the General Reserve Fund before being used to offset midyear budget reductions.[1]
Election results
- See also: 2010 ballot measure election results
Official election results of the measure follow:
| Amendment 4 (Capital Reserve Fund) | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
 Yes | 906,328 | 72.61% | ||
| No | 341,893 | 27.39% | ||
Official results via the South Carolina State Election Commission.
Text of measure
Ballot title
The ballot title for Amendment 4 was as follows:[1]
| “ |
Amendment 4 Must Section 36(B), Article III of the Constitution of this State be amended so as to provide that monies from the Capital Reserve Fund first must be used, to the extent necessary, to fully replenish the applicable percentage amount in the General Reserve Fund? Explanation A ‘Yes' vote will require that the Capital Reserve Fund's first priority is to replenish the State's General Reserve Fund (its "rainy day" fund) instead of serving to offset midyear budget cuts at state agencies. Yes [] No [] [2] |
” |
Support
Supporters
- The South Carolina Republican Party supported the amendment.[3]
Opposition
There was no known campaign in opposition of the measure.
Media endorsements
Support
- The Post and Courier was in favor of the measure, arguing, "Voters should approve Amendment 3 "to increase from three to five percent in increments of one-half of one percent over four fiscal years the amount of state general fund revenue in the latest completed fiscal year required to be held in the General Reserve Fund."[4]
- The Spartanburg Herald Journal urged voters to vote 'yes' on the measure, writing in an editorial, "South Carolina lawmakers have never shown fiscal restraint; it must be imposed on them. The enhanced reserves would cushion the blow of mid-year budget cuts if state revenues fall short."[5]
Path to the ballot
Section 1 of Article XVI of the South Carolina Constitution says that a legislatively referred amendment can go on the ballot if approved by a 2/3rds vote of each house of the South Carolina State Legislature. However, if the state's voters approved the amendment, it must then go back to the legislature for a second affirmative vote.[6]
See also
Additional reading
- South Carolina proposed constitutional amendments on the 2010 ballot
- Four amendments to appear on November ballot (dead link)
- Understand constitutional ballot questions
Footnotes
- ↑ 1.0 1.1 SC Votes, "2010 Constitutional Amendments," accessed July 7, 2022
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
- ↑ How You Should Vote On The Constitutional Amendments, "South Carolina GOP"
- ↑ The Post and Courier, "Vote 'Yes' on amendments," October 25, 2010
- ↑ Go Upstate.com, "Vote yes to four constitutional ballot questions," October 27, 2010
- ↑ South Carolina Legislature, "History of S 1086"
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