Gavvy: Loc. Gov’t Code, Sec. 252.046. Circumstances in Which Current Funds to Be Set Aside.

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Sec. 252.046. Circumstances in Which Current Funds to Be Set Aside.

Sec. 252.046. CIRCUMSTANCES IN WHICH CURRENT FUNDS TO BE SET ASIDE. If an expenditure under the contract is payable by warrants on current funds, the governing body of the municipality by order shall set aside an amount of current funds that will discharge the principal and interest of the warrants. Those funds may not be used for any other purpose, and the warrants must be discharged from those funds and may not be refunded.

Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.

Gavvy last updated this database on: Sep 6, 2024