Proposing and submitting to the electors at the next general election, an amendment to Article XII of the Constitution of the State of South Dakota, relating to the creation and administration of the pooled local investment fund.
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.