Another South Dakota Ballot Initiative Challenged

loan_interest_rate_2Pierre, SD – Today, South Dakota Secretary of State Shantel Krebs announced that a challenge was submitted February 3rd on the initiated amendment to the South Dakota constitution limiting the ability to set statutory interest rates for loans (18%).

The Secretary of State’s office will verify the petition challenge in the coming months. There is not a deadline in state statute as to when the verification process must be completed.

The challenge was submitted by Cory Heidelberger of Aberdeen.

For more information regarding the challenge process please visit: https://sdsos.gov/elections-voting/upcoming-elections/general-information/2016-ballot-questions.aspx


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