Arizona Const. art. 9, § 7

Arizona Constitution

Article 9, § 7 — Gift or loan of credit; subsidies; stock ownership; joint ownership

Arizona Const. art. 9, § 7 (Gift or loan of credit; subsidies; stock ownership; joint ownership) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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Section§ 7

CitationArizona Const. art. 9, § 7

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Ariz. Const. art. 9, § 7.

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Neither the state, nor any county, city, town, municipality, or other subdivision of the state shall ever give or loan its credit in the aid of, or make any donation or grant, by subsidy or otherwise, to any individual, association, or corporation, or become a subscriber to, or a shareholder in, any company or corporation, or become a joint owner with any person, company, or corporation, except as to such ownerships as may accrue to the state by operation or provision of law or as authorized by law solely for investment of the monies in the various funds of the state.

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Neither the state, nor any county, city, town, municipality, or other subdivision of the state shall ever give or loan its credit in the aid of, or make any donation or grant, by subsidy or otherwise, to any individual, association, or corporation, or become a subscriber to, or a shareholder in, any company or corporation, or become a joint owner with any person, company, or corporation, except as to such ownerships as may accrue to the state by operation or provision of law or as authorized by law solely for investment of the monies in the various funds of the state.