General Assembly by law may extend the period to not more than
twenty-five years by the affirmative vote of three-fifths of all the
members of each house.

Section 6.07. Gift or Loan of Assets or Credit.

The assets or credit of the State shall not be given or lent to
any individual, association, or corporation unless a public purpose
will be served thereby and unless authorized by the General
Assembly by a law stating the public purpose to be served. A gift
of assets may be authorized by a law enacted by the affirmative
vote of a majority of all the members of each house, but a law
authorizing a gift of credit or a loan of credit or a loan of assets
shall require the affirmative vote of three-fifths of all the mem-
bers of each house.

BUDGET AND APPROPRIATIONS

Section 6.08. Appropriations.

The General Assembly shall not appropriate any money from
the treasury except by a budget bill or a supplementary appro-
priation bill.

Section 6.09. The Budget.

The governor shall submit a budget for the ensuing fiscal year
to the General Assembly on the third Wednesday in January in
each year, except that in the year after the election of a new gov-
ernor, the budget shall be submitted not later than twelve days
after the convening of the regular session of the General
Assembly. In any year the time may be extended by the General
Assembly. The budget shall show the estimated surplus or deficit
of revenues at the end of the preceding year and shall contain
for the ensuing fiscal year an estimate of revenues, a complete
plan of proposed expenditures by program including all appro-
priations required by this Constitution or by law, and any addi-
tional information prescribed by law, all in such form and detail
as the governor shall determine. The total of the proposed

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