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Texas Local Government Code - LOC GOV'T § 252.046. Circumstances in Which Current Funds to be Set Aside

Current as of January 01, 2024 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - Texas Local Government Code - LOC GOV'T § 252.046. Circumstances in Which Current Funds to be Set Aside - last updated January 01, 2024 | https://codes.findlaw.com/tx/local-government-code/loc-gov-t-sect-252-046/

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