Iowa Constitution
Article VII - STATE DEBTS.
§ 1 Credit not to be loaned.
The credit of
the state shall not, in any manner, be given or loaned to, or in aid of,
any individual, association, or corporation; and the state shall never
assume, or become responsible for, the debts or liabilities of any
individual, association, or corporation, unless incurred in time of war
for the benefit of the state.
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