Iowa Constitution
Article VII - STATE DEBTS.
§ 5 Contracting debt — submission to the people.
Except the debts herein before specified in this article, no debt shall
be hereafter contracted by, or on behalf of this state, unless such debt
shall be authorized by some law for some single work or object, to be
distinctly specified therein; and such law shall impose and provide for
the collection of a direct annual tax, sufficient to pay the interest on
such debt, as it falls due, and also to pay and discharge the principal
of such debt, within twenty years from the time of the contracting
thereof; but no such law shall take effect until at a general election
it shall have been submitted to the people, and have received a majority
of all the votes cast for and against it at such election; and all money
raised by authority of such law, shall be applied only to the specific
object therein stated, or to the payment of the debt created thereby;
and such law shall be published in at least one newspaper in each
county, if one is published therein, throughout the state, for three
months preceding the election at which it is submitted to the
people.
Statutory provisions, see Iowa Code §49A.1 – 49A.8
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