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South Dakota Investment of School Funds by Counties Amendment (1900)
| South Dakota Investment of School Funds by Counties Amendment | |
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| Election date |
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| Topic Public education funding and Restricted-use funds |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
South Dakota Investment of School Funds by Counties Amendment was on the ballot as a legislatively referred constitutional amendment in South Dakota on November 6, 1900. It was approved.
A "yes" vote supported requiring counties in the state to invest in the Permanent School and Endowment Funds in public bonds or first mortgages on local improved farmland. |
A "no" vote opposed requiring counties in the state to invest in the Permanent School and Endowment Funds in public bonds or first mortgages on local improved farmland. |
Election results
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South Dakota Investment of School Funds by Counties Amendment |
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| Result | Votes | Percentage | ||
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49,989 | 76.15% | ||
| No | 15,653 | 23.85% | ||
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- Results are officially certified.
Text of measure
Ballot title
The ballot title for Investment of School Funds by Counties Amendment was as follows:
| “ | Article XXVIII. Sec. 1. The several counties of the state shall invest the moneys of the Permanent School and Endowment Funds in bonds of school corporation, state, county, and municipal bonds or in first mortgages upon good improved farm lands within their limits respectively; under such regulations as the Legislature many provide, but no farm loan shall exceed one thousand dollars to any one person firm or corporation." | ” |
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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