Provisions
VII.2 of 1895 • Power to contract debts.
APPROVED
The Text
The State may, to meet casual deficits or failures in revenues, or for expenses not provided for, contract debts; but such debts, direct or contingent, singly or in the aggregate, shall not at any time exceed one million of dollars; and the moneys arising from the loans creating such debts shall be applied to the purpose for which they were obtained, or to repay the debt so contracted, and to no other purpose whatever.
A Few Facts
• Joined the Constitution in 1895
• In Article VII: State Finance; Forest Preserve; Canals
• Has 74 words
• Was proposed by the Constitutional Convention
• Went to NYS voters as proposed amendment 1 of 1894
• Re-upped the text of a previously existing provision
• Amends or builds on:
◦ 1847-VII.10
Credits
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