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Measure Details

Capital Reserve Fund

South Carolina Ballot Measure - Amendment 4

Election: Nov. 2, 2010 (General)
Outcome: Passed

Categories:
Constitution
Government Budget and Spending

Yes
906,328
(72.61%)

No
341,893
(27.39%)

Measure Text

Must Section 36(B), Article III of the Constitution of this State be amended so as to provide that monies from the Capital Reserve Fund first must be used, to the extent necessary, to fully replenish the applicable percentage amount in the General Reserve Fund?

Explanation

A 'Yes' vote will require that the Capital Reserve Fund's first priority is to replenish the State's General Reserve Fund (its "rainy day" fund) instead of serving to offset midyear budget cuts at state agencies.

Yes [ ]

No [ ]

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