No law shall authorize any debt to be contracted, on behalf of the State, except in the following cases

Ind. Const. art. X, § 5, under Finance.

Ind. Const. art. X, § 5

No law shall authorize any debt to be contracted, on behalf of the State, except in the following cases

No law shall authorize any debt to be contracted, on behalf of the State, except in the following cases: to meet casual deficits in the revenue; to pay the interest on the State Debt; to repel invasion, suppress insurrection, or, if hostilities be threatened, provide for the public defense.