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SC Amendment 2 - Capital Reserve Fund Increase Amendment
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| Parents |
> United States > South Carolina > Initiatives and Referenda > 2022 Amendments > Capital Reserve Fund
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| Office | Referendum |
| Honorific | Referendum - Abbr: |
| Type | Referendum |
| Filing Deadline | May 01, 2022 - 12:00am Central |
| Polls Open | November 08, 2022 - 06:00am Central |
| Polls Close | November 08, 2022 - 06:00pm Central |
| Term Start | January 01, 2023 - 12:00pm |
| Term End | December 31, 9999 - 11:55pm |
| Contributor | Mr. Matt |
| Last Modified | Mr. Matt November 17, 2022 05:04pm |
| Data Sources | [Link] |
| Description |
Must Section 36(B), Article III of the Constitution of this State be amended so as to provide that the Capital Reserve Fund of two percent of the general fund revenue of the latest completed fiscal year be increased to three percent of the general fund revenue of the latest completed fiscal year and to provide that the first use of the Capital Reserve Fund must be to offset midyear budget reductions?
A "yes" vote supports increasing the Capital Reserve Fund from 2% to 3% of state general fund revenue and providing that the first use of the Capital Reserve Fund is to offset midyear budget reductions.
A "no" vote opposes increasing the Capital Reserve Fund amount from 2% to 3% of state general fund revenue and providing that the first use of the Capital Reserve Fund is to offset midyear budget reductions.
[Link]
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