South Dakota Amendment C, Investment of Permanent School Funds Measure (1940)
| South Dakota Amendment C | |
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| Election date |
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| Topic Local government finance and taxes and Public education funding |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
South Dakota Amendment C was on the ballot as a legislatively referred constitutional amendment in South Dakota on November 5, 1940. It was defeated.
A "yes" vote supported requiring that permanent school and educational funds be invested in secure assets such as first mortgages on South Dakota farmland and certain government bonds, and placing investment authority under the State Provident Loan Board rather than counties. |
A "no" vote opposed requiring that permanent school and educational funds be invested in secure assets such as first mortgages on South Dakota farmland and certain government bonds, and placing investment authority under the State Provident Loan Board rather than counties. |
Election results
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South Dakota Amendment C |
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| Result | Votes | Percentage | ||
| Yes | 93,013 | 38.36% | ||
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149,486 | 61.64% | ||
Text of measure
Ballot title
The ballot title for Amendment C was as follows:
| “ | A JOINT RESOLUTION, Proposing and Agreeing to an Amendment to Section 11, of Article VIII of the Constitution of the State of South Dakota, Relating to the Loaning of the Moneys of the Permanent School and Other Educational Funds, and Authorizing the Turning Over to the Permanent School Fund of All Assets Thereof Held by the Several Counties, and the Release of Said Counties from all Liability by Reason of the Loans of Said Funds. | ” |
Path to the ballot
- See also: Amending the South Dakota Constitution
A simple majority vote is required during one legislative session for the South Dakota State Legislature to place a constitutional amendment on the ballot. That amounts to a minimum of 36 votes in the South Dakota House of Representatives and 18 votes in the South Dakota State Senate, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot.
See also
External links
Footnotes
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