The credit of the state shall not, in any manner, be given or loaned to, or in aid of, any individual, association, or corporation; and the state shall never assume, or become responsible for, the debts or liabilities of any individual, association, or corporation, unless incurred in time of war for the benefit of the state.
Credit Not to Be Loaned
Iowa Const. art. VII, § 1 — under State Debts.
Iowa Const. art. VII, § 1
Credit Not to Be Loaned