Nebraska Statutes 81-138.02. Contracts; not valid encumbrances; exception
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Contracts, other than a purchase order, for goods or services to be provided in a subsequent biennium do not represent valid encumbrances of current biennium appropriations and will require specific reappropriation by the Legislature. Only that portion of a contract which meets the criteria established in subdivision (2) of section 81-138.01 may be encumbered.
Terms Used In Nebraska Statutes 81-138.02
- Contract: A legal written agreement that becomes binding when signed.