Texas Local Government Code 252.046 – Circumstances in Which Current Funds to Be Set Aside
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Local Government Code 252.046
- Contract: A legal written agreement that becomes binding when signed.
- Municipality: means a general-law municipality, home-rule municipality, or special-law municipality. See Texas Local Government Code 1.005
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.