South Dakota Referred Law 4, State Owned Banks Initiative (1922)
| South Dakota Referred Law 4 | |
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| Election date |
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| Topic Banking policy |
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| Status |
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| Type Indirect initiated state statute |
Origin |
South Dakota Referred Law 4 was on the ballot as an indirect initiated state statute in South Dakota on November 7, 1922. It was defeated.
A "yes" vote supported allowing the state to establish a state owned bank. |
A "no" vote opposed allowing the state to establish a state owned bank. |
Election results
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South Dakota Referred Law 4 |
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| Result | Votes | Percentage | ||
| Yes | 33,032 | 21.20% | ||
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122,807 | 78.80% | ||
Text of measure
Ballot title
The ballot title for Referred Law 4 was as follows:
| “ | An Act Entitled, an Act Relating to the Bank of South Dakota, declaring the Purpose of the State of South Dakota to Engage in the Banking Business and to Establish a System of Banking under the name of the Bank of South Dakota, Operated by the State, and Defining the Scope and Manner of its Operation and the Power and duties of the persons charged with its management: Making and Appropriation There for; and providing penalties for the violations of certain provisions thereof. | ” |
Path to the ballot
- See also: Indirect initiated state statute
From 1898 to 1988, initiated statutes were indirect in South Dakota. Voters made the process direct with approval of Amendment A in 1988.
An indirect initiated state statute is a citizen-initiated ballot measure that amends state statute. There are nine (9) states that allow citizens to initiate indirect state statutes.
While a direct initiative is placed on the ballot once supporters file the required number of valid signatures, an indirect initiative is first presented to the state legislature. Legislators have a certain number of days, depending on the state, to adopt the initiative into law. Should legislators take no action or reject the initiative, the initiative is put on the ballot for voters to decide.
See also
External links
Footnotes
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State of South Dakota Pierre (capital) |
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