Ohio Constitution
Article VIII - Public Debt and Public Works
§ 1 Public debt; limit of deficit spending by state.
Universal Citation: OH Const art VIII § 1
§1 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.
(1851)
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