Article XIV, Utah Constitution
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| Text of Section 1:
Fixing the limit of the state indebtedness -- Exceptions.
To meet casual deficits or failures in revenue, and for necessary expenditures for public purposes, including the erection of public buildings, and for the payment of all Territorial indebtedness assumed by the State, the State may contract debts, not exceeding in the aggregate at any one time, an amount equal to one and one-half per centum of the value of the taxable property of the State, as shown by the last assessment for State purposes, previous to the incurring of such indebtedness. But the State shall never contract any indebtedness, except as provided in Article XIV, Section 2, in excess of such amount, and all monies arising from loans herein authorized, shall be applied solely to the purposes for which they were obtained.
| Text of Section 2:
Debts for public defense.
The State may contract debts to repel invasion, suppress insurrection, or to defend the State in war, but the money arising from the contracting of such debts shall be applied solely to the purpose for which it was obtained.
| Text of Section 3:
Certain debt of counties, cities, towns, school districts, and other political subdivisions not to exceed taxes -- Exception -- Debt may be incurred only for specified purposes.
| Text of Section 4:
Limit of indebtedness of counties, cities, towns, and school districts -- Larger indebtedness may be allowed.
| Text of Section 5:
Borrowed money to be applied to authorized use.
All moneys borrowed by, or on behalf of the State or any legal subdivision thereof, shall be used solely for the purpose specified in the law authorizing the loan.
| Text of Section 6:
State not to assume county, city, town or school district debts -- Exception.
The State shall not assume the debt, or any part thereof, of any county, city, town or school district except as provided in Article X, Section 5.
| Text of Section 7:
Existing indebtedness not impaired.
Nothing in this article shall be so construed as to impair or add to the obligation of any debt heretofore contracted, in accordance with the laws of Utah Territory, by any county, city, town or school district, or to prevent the contracting of any debt, or the issuing of bonds therefor, in accordance with said laws, upon any proposition for that purpose, which, according to said laws, may have been submitted to a vote of the qualified electors of any county, city, town or school district before the day on which this Constitution takes effect.