Amend. Art. LXXXIV

Giving or lending the commonwealth's credit

Limit Taxes, Money & Commerce Amendments · Articles of Amendment

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Article LXII of the Amendments to the Constitution is hereby amended by striking out section 1 and inserting in place thereof the following section: -

Section 1. The commonwealth may give, loan or pledge its credit only by a vote, taken by the yeas and nays, of two-thirds of each house of the present and voting thereon. The credit of the commonwealth shall not in any manner be given or loaned to or in aid of any individual, or of any private association, or of any corporation which is privately owned and managed.

3 provisions here

Article LXII of the Amendments to the Constitution is hereby amended by striking out section 1 and inserting in place thereof the following section structure
Section 1 The commonwealth may give, loan or pledge its credit only by a vote, taken by the yeas and nays, of two-thirds of each house of the general court present and voting thereon power
Who holds it
- The commonwealth
Requires
- a vote, taken by the yeas and nays, of two-thirds of each house of the general court present and voting thereon
Section 1 The credit of the commonwealth shall not in any manner be given or loaned to or in aid of any individual, or of any private association, or of any corporation which is privately owned and managed limit
Who is bound
- The commonwealth
Forbids
- Giving or loaning the credit of the commonwealth to or in aid of any individual, or of any private association, or of any corporation which is privately owned and managed

Simplified explanation

Replaces Section 1 of Article LXII: the commonwealth may give, loan or pledge its credit only by a two-thirds yea-and-nay vote of each house of the general court, and its credit shall not be given or loaned to any individual, private association or privately owned and managed corporation.

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