Sec. 224.063. SUFFICIENCY OF FUNDS. (a) Before contracting under this subchapter, the commission shall determine that it will have sufficient funds available in the year of acquisition to meet its financial obligations under the contract.
(b) Payment of any obligation in the contract is contingent on a legislative appropriation for that purpose in the year the obligation is due, and the contract must state that fact.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Structure Texas Statutes
Subtitle B - State Highway System
Chapter 224 - Acquisition, Construction, and Maintenance
Subchapter C. Contract With Transportation Corporation
Section 224.062. Authority to Contract
Section 224.063. Sufficiency of Funds
Section 224.064. Terms and Conditions