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Abstract

I. Introduction

II. Historical Development of Credit Restrictions

III. The Constitutional Analysis ... A. Does a Conservation Financing Program Involve the Public "Credit" ... B. Does a Conservation Financing Program Involve the Credit "of the State"? ... 1. The Private Sector ... 2. Political Subdivisions ... 3. Public Corporations ... 4. Analysis ... C. Does a Conservation Financing Program Involve a Gift or Loan of Credit?

IV. Conclusion

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