Ohio Const. art. VIII – Public Debt and Public Works | Midpage

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Ohio Constitution

VIII

Ohio Const. art. VIII

Public Debt and Public Works

Ohio

1Public debt; limit of deficit spending by state 2State may incur debts for defense or to retire outstanding debts 2bAdjusted compensation for service in World War II; World War II veterans' bonuses 2cConstruction of state highway system 2dKorean War veterans' bonuses 2eProviding means for securing funds for highway and public building construction 2fAuthorizing bond issue to provide school classrooms, support for universities, for recreation and conservation and for state buildings 2gAuthorizing bond issue or other obligations for highway construction 2hBond issue for development 2iCapital improvement bonds 2jVietnam conflict compensation fund 2kIssuance of bonds for local government public infrastructure capital improvement 2lParks, recreation, and natural resources project capital improvements 2mIssuance of general obligations 2nFacilities for system of common schools and facilities for state-supported and state-assisted institutions of higher education 2oIssuance of bonds and other obligations for environmental conservation and revitalization purposes 2pIssuance of bonds for economic and educational purposes and local government projects 2qIssuance of bonds for environmental revitalization and conservation 2rPersian Gulf, Afghanistan, and Iraq Conflicts Compensation Fund 2sIssuance of additional general obligation bonds to fund public infrastructure capital improvements 2tIssuance of additional general obligation bonds to fund public infrastructure capital improvements 3The state to create no other debt; exceptions 4Credit of state; the state shall not become joint owner or stockholder 5No assumption of debts by the state 6Counties, cities, towns, or townships, not authorized to become stockholders, etc.; insurance, etc 7Sinking fund 8The commissioners of the sinking fund 9Biennial report of sinking fund commissioners 10Application of sinking fund 11Semiannual report of sinking fund commissioners 13Economic development 14Financing for housing program 15State assistance to development of coal technology 16State and political subdivisions to provide housing for individuals 17Limitations on obligations state may issue