Article XIV, 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.]
(1) No debt issued by a county, city, town, school district, or other political subdivision
of the State and directly payable from and secured by ad valorem property taxes levied by the
issuer of the debt may be created in excess of the taxes for the current year unless the proposition
to create the debt has been submitted to a vote of qualified voters at the time and in the manner
provided by statute, and a majority of those voting thereon has voted in favor of incurring the
debt.
(2) No part of the indebtedness allowed in this section may be incurred for other than
strictly county, city, town, school district, or other political subdivision purposes respectively.
No History for Constitution
Download Code Section Zipped WordPerfect 00I14_000300.ZIP 9,430 Bytes
Sections in this Chapter|Chapters in this Title|All Titles|Legislative Home Page
Last revised: Thursday, May 28, 2009