Article VIII, § 3 — Borrowing money; specification of purpose; surplus borrowed money
This text of Delaware Const. art. VIII, § 3 (Borrowing money; specification of purpose; surplus borrowed money) is published on Counsel Stack Legal Research, covering Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Full Text
No money shall be borrowed or debt created by or on behalf of this State but by an Act of the General Assembly, passed with the concurrence of three-fourths of all the members elected to each House, except to supply casual deficiencies of revenue, repel invasion, suppress insurrection, defend this State in war, or pay existing debts; and any law authorizing the borrowing of money by or on behalf of this State shall specify the purpose for which the money is to be borrowed, and the money so borrowed shall be used exclusively for such purpose; but should the money so borrowed or any part thereof be left after the abandonment of such purpose or the accomplishment thereof, such money, or the surplus thereof, may be disposed of according to law.
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History
Cite This Page — Counsel Stack
Delaware Const. art. VIII, § 3, Counsel Stack Legal Research, https://law.counselstack.com/constitution/de/VIII/3.