OH · constitutions
Ohio Const. art. VIII, § 1
Public debt; limit of deficit spending by state
The state may contract debts to supply casual deficits or failures in revenues, or to meet expenses not otherwise provided for; but the aggregate amount of such debts, direct and contingent, whether contracted by virtue of one or more acts of the General Assembly, or at different periods of time, shall never exceed seven hundred and fifty thousand dollars; and the money, arising from the creation of such debts, shall be applied to the purpose for which it was obtained, or to repay the debts so contracted, and to no other purpose whatever.
History
Effective: September 1, 1851
Provenance
- Source
- codes.ohio.gov
- Retrieved
- 2026-09-26
- Edition
- 2026-09-26
- Content hash
7e4dacea5f4826664d9ae572e3d0b546787608106d2efccf7284f8476662709b
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