South Dakota Investment of School Money Amendment (1904)
| South Dakota Investment of School Money Amendment | |
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| Election date |
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| Topic County budget |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
South Dakota Investment of School Money Amendment was on the ballot as a legislatively referred constitutional amendment in South Dakota on November 8, 1904. It was approved.
A "yes" vote supported allowing investments in farm mortgages and government bonds for the permanent school and education fund, requiring a minimum 5% interest rate, and making counties responsible for managing, reporting, and repaying the funds. |
A "no" vote opposed allowing investments in farm mortgages and government bonds for the permanent school and education fund, requiring a minimum 5% interest rate, and making counties responsible for managing, reporting, and repaying the funds. |
Election results
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South Dakota Investment of School Money Amendment |
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| Result | Votes | Percentage | ||
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38,681 | 64.36% | ||
| No | 21,424 | 35.64% | ||
Text of measure
Ballot title
The ballot title for Investment of School Money Amendment was as follows:
| “ | Amendment to Section 11 of Article 8 of the constitution of the state, relating to the investment of the educational and other public 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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State of South Dakota Pierre (capital) |
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