This resolution proposes a constitutional amendment to South Dakota voters that would create and establish rules for a pooled local investment fund—a mechanism for local governments to combine their money for investments. The amendment would modify Article XII of the state constitution and update related state law to govern how this fund operates and is managed. Voters would decide whether to approve this constitutional change at the next general election.
This bill does not directly amend codified state law.
Committee on Appropriations Tabled Passed, YEAS 9, NAYS 0.
Committee on Appropriations Scheduled for hearing
First read in Senate and referred to Senate Committee on Appropriations S.J. 116
Jeff Partridge
Prime sponsor · Sen.
R
Tim Goodwin
Prime sponsor · Rep.
R
Cosponsors
Committee on Appropriations — Tabled