Secretary of State Shantel Krebs Certifies Third Ballot Measure
Pierre, SD – Today, Secretary of State Shantel Krebs announced that an Initiated Measure To Set A Maximum Finance Charge for Certain Lenders (36% rate cap) was validated and certified to be on the November 2016 general election ballot as a ballot measure the citizens will vote on. The sponsor turned in 19,936 signatures to the Secretary of state’s office. An initiated measure requires a minimum of 13,871 signatures from South Dakota registered voters. Once the signatures were delivered to the Secretary of State’s office, a 5% random sampling was conducted. It was determined that 86.4% or 17,222 of 19,936 signatures were in good standing. This will be Initiated Measure 21.
This is the third initiated measure to be approved by Secretary of State. A total of 8 measures were submitted for review. This office will continue the signature validation process of the remaining 5 measures in the order they were submitted to the Secretary of State. A total of 275,000 signatures were submitted among all petitions.
Those looking to challenge the Secretary of State’s certification of a ballot measure have 30 days from the date they are certified, which would be January 27, 2016.