Montana Code Annotated 2017

THE CONSTITUTION OF THE STATE OF MONTANA

ARTICLE VIII. REVENUE AND FINANCE

Part VIII. REVENUE AND FINANCE

State Debt

Section 8. State debt. No state debt shall be created unless authorized by a two-thirds vote of the members of each house of the legislature or a majority of the electors voting thereon. No state debt shall be created to cover deficits incurred because appropriations exceeded anticipated revenue.