KDLT Home KDLT on Facebook KDLT on Twitter Get the KDLT iPhone App Get the KDLT Android App

Amendments On South Dakota Ballot

Bookmark and Share

There are four amendments on the South Dakota ballot this year, which are proposed changes to South Dakota’s constitution, Amendment M, N, O and P.

Constitutional Amendment M contains certain provisions relating to business corporations, providing more flexibility for corporations, while issuing legislative oversight and protection for shareholders.

Right now, there are restrictions to the Legislature's authority to enact laws in regards to limitations for hiring corporate directors, the use of corporate stock or bonds and notice restrictions when borrowing money for business ventures.

Amendment M would allow the Legislature to authorize different methods of voting in elections for corporate directors, allows business corporations to buy new ideas with corporate shares and lets the Legislature decide notices for shareholders when borrowing money for business opportunities.

Onto Amendment N, which is focused on removing reimbursement restrictions for travel by legislators during legislative session.

Right now, legislators receive five cents per mile for their travel in personal cars during official state business in Pierre.

This amendment would grant the Legislature authority to approve a more reasonable standard of reimbursement.

Amendment O is focused on changing the method for distributions from the cement plant trust fund.

In 2001, the sale of the state cement plant, totaling $238 Million, was placed in a trust fund.

The constitution requires $12 Million to be transferred each year from the trust fund to the state general fund, with certain circumstances to support education.

During tough economic times, the high dollar amount withdrawal would kill the fund.

This amendment would remove the $12 Million mandate and change it to a yearly transfer of 4% of the market value of the cement plant trust fund, to the state general fund for the support of education.

Lastly Amendment P is all about adding balanced budget requirements.

The constitution now, restricts the State from incurring debt, but a balanced budget is not set in stone.

This amendment would require Governor Dennis Daugaard to propose a balanced budget, in which legislative appropriations cant exceed.
< Prev Story Back To Top Next Story >

Storm Victims Struggle With FEMA's Rejection  story with video

The storms that rolled through South Dakota in mid-June brought destruction ...

Watertown Police: 2 Injured After Teen Fails To Stop At Sign

Two people were injured after police say a teen failed to stop at a ...

SD Crops Progressing But Farmers Flood Losses Loom

Soybean and corn crops are progressing well in South Dakota, though farmers ...

Black Hawk Native Helps Disable Roadside Bombs  Jul. 12

SD Gov. Asks SBA To Help June Storm Victims  Jul. 12

SDSU Named Innovation, Economic Prosperity University  Jul. 12

SD School Of Mines Hosting Neutrino Day  Jul. 12

South Dakota Beekeepers Meeting In Aberdeen  Jul. 12

Police Discuss Domestic Violence   story with video  Jul. 11

Family Park Diving Incident Gone Wrong  Jul. 11

Deadline Looms For SF School District Projects  story with video  Jul. 11

Teams To Begin Assessing Weather Damage On Monday  Jul. 11

SD Spring Wheat Crop Estimate Up 13 Percent  Jul. 11

Diver Hospitalized After Training Incident  Jul. 11

Plans Readied For MN Medical Marijuana Operation  Jul. 11

Judge Again Delays Closing Of Sioux City Casino  Jul. 11

SD Ends Another Budget Year With Surplus  Jul. 11

Update: SF Police Reconstructing Accident  story with video  Jul. 11

Update: Dead Couple's Son Found In WI  Jul. 11

Injury Accident Closes SF Intersection  Jul. 11

KDLT News Archive

Injury Accident Closes SF Intersection

An acident with serious injuries closed the ...

Update: Dead Couple's Son Found In WI

A man sought as a witness in the suspicious deaths of his ...

Update: SF Police Reconstructing Accident  story with video

An accident with serious, life-threatening injuries ...

Family Park Diving Incident Gone Wrong  Jul. 11

Diver Hospitalized After Training Incident  Jul. 11

2 South Dakota Restaurants Honored For Wine Lists  Jul. 11

Watertown Police: 2 Injured After Teen Fails To Stop At Sign  Jul. 12

Police Discuss Domestic Violence   story with video  Jul. 11

KDLT News Archive

Wolters Winner Falls Short In Summer League Opener  story with video

LAS VEGAS, NV  --  Former South Dakota State ...

Mike Miller Leaving Memphis As Cleveland Rumors Swirl  story with video

Now that LeBron James has chosen to make his ...

Pierre's Rumrill Wins At Snowfox Invite  story with video

SIOUX FALLS, S. D.   --  Pierre's Wyatt Rumrill shined on the second day of ...

Westward Ho Pro Am Jam Begins  story with video  Jul. 11

Canaries Ground Air Hogs 4-0  story with video  Jul. 11

LeBron James Says He's Returning To Cavaliers  Jul. 11

SD Heat win Dakota Challenge title at Pentagon  story with video  Jul. 10

Ed Moses talks swimming in Sioux Falls  story with video  Jul. 10

KDLT Sports Stories
Back To Top