Article XIV Section 1 Fixing the limit of the state indebtedness — Exceptions
Article XIV Section 2 Debts for public defense
Article XIV Section 3 Certain debt of counties, cities, towns, school districts, and other political subdivisions not to exceed taxes — Exception — Debt may be incurred only for specified purposes
Article XIV Section 4 Limit of indebtedness of counties, cities, towns, and school districts — Larger indebtedness may be allowed
Article XIV Section 5 Borrowed money to be applied to authorized use
Article XIV Section 6 State not to assume county, city, town or school district debts — Exception
Article XIV Section 7 Existing indebtedness not impaired

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Terms Used In Utah Constitution > Article XIV - Public Debt

  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Statute: A law passed by a legislature.