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"A comprehensive, collaborative elections resource."
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SC Amendment 1 - General Reserve Fund Increase Amendment
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| Parents |
> United States > South Carolina > Initiatives and Referenda > 2022 Amendments > General 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 05:03pm |
| Data Sources | [Link] |
| Description |
South Carolina General Reserve Fund Increase Amendment
Must Section 36(A), Article III of the Constitution of this State, relating to the General Reserve Fund, be amended so as to provide that the General Reserve Fund of five percent of general fund revenue of the latest completed fiscal year must be increased each year by one-half of one percent of the general fund revenue of the latest completed fiscal year until it equals seven percent of such revenues?
A "yes" vote supports increasing the General Reserve Fund from 5% of state general fund revenue to 7% incrementally by a one-half percent increase each year.
A "no" vote opposes increasing the General Reserve Fund to 7%, thereby leaving in place the current General Reserve Fund amount of 5% of state general fund revenue.
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