Iowa Const. art. XI, § 3
- Constitution
- Constitution of Iowa
- Text as of
- October 2026
What does this section say?
Indebtedness of political or municipal corporations. No county, or other political or municipal corporation shall be allowed to become indebted in any manner, or for any purpose, to an amount, in the aggregate, exceeding five per centum on the value of the taxable property within such county or corporation — to be ascertained by the last state and county tax lists, previous to the incurring of such indebtedness. Statutory limitation, Iowa Code §346.24
The text is copied from the official source: www.legis.iowa.gov. This is the stored text for research. It is not legal advice; check the official source before you rely on it.