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South Dakota Lower Interest Rate on School Funds Amendment (1902)
| South Dakota Lower Interest Rate on School Funds 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 Lower Interest Rate on School Funds Amendment was on the ballot as a legislatively referred constitutional amendment in South Dakota on November 4, 1902. It was approved.
A "yes" vote supported decreasing the interest rate on investments of the permanent school and education funds from six percent to five percent per year. |
A "no" vote opposed decreasing the interest rate on investments of the permanent school and education funds from six percent to five percent per year. |
Election results
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South Dakota Lower Interest Rate on School Funds Amendment |
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| Result | Votes | Percentage | ||
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46,472 | 83.77% | ||
| No | 9,001 | 16.23% | ||
Text of measure
Ballot title
The ballot title for Lower Interest Rate on School Funds Amendment was as follows:
| “ | Proposed amendment to the constitution of the State of South Dakota. The rate of interest upon all investments of the permanent school or other education funds mentioned in Section 11 of Article VIII of the Constitution of state is hereby changed and reduced from six per centum per annum to five per centum per annum, where the said words six per centum per annum occur in said section. That if the foregoing amendment shall be approved and ratified by the people at said election, as provided by Article XXIII of the Constitution, said Section 11 of Article VIII of the Constitutional shall be thereby amended by striking out the said words six per centum per annum where they occur in said section 11 and substituting in lieu thereof the words five per centum per annum. | ” |
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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