Article X.
Finance and Taxation

Section 24. Borrowing for hospital construction; bonds

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Long term borrowing by state

The state may borrow money for specific purposes in amounts as may be provided by acts of the legislature adopted by a vote of two-thirds of the members elected to and serving in each house, and approved by a majority of the electors voting thereon at any general election. The question submitted to the electors shall state the amount to be borrowed, the specific purpose to which the funds shall be devoted, and the method of repayment.

This item is based on 6 items:

1921 Article X. Section 20[a]

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1946 Article X. Section 23[a]

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1950 Article X. Section 24

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1951 Article X. Section 25

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1954 Article X. Section 26

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1909 Section 4

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Borrowing for hospital construction; bonds

The state may borrow not to exceed $65,000,000.00 to plan, acquire, construct and equip hospitals for the mentally ill and epileptics, and training schools for mental defectives and the tuberculosis hospitals and issue bonds pledging the full faith and credit of the state, on such terms as shall be provided by law.