Laws may be passed authorizing the state to borrow
money and to issue bonds and other obligations
for the purpose of making grants and making or guaranteeing
loans for research and development of coal
technology that will encourage the use of Ohio coal, to
any individual, association, or corporation doing business
in this state, or to any educational or scientific
institution located in this state, notwithstanding the
requirements, limitation, or prohibitions of any other
section of Article VIII or of section 6 and 11 of Article
XII of the constitution. The aggregate principal
amount of the money borrowed and bonds and other
obligations issued by the state pursuant to laws passed
under this section shall not exceed one hundred million
dollars outstanding at any time. The full faith and
credit of the state may be pledged for the payment of
bonds or other obligations issued or guarantees made
pursuant to laws passed under this section
Laws passed pursuant to this section also may provide
for the state to share in any royalties, profits, or other
financial gain resulting from the research and
development.
Structure Ohio constitution