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.
Structure Texas Statutes
Title 8 - Acquisition, Sale, or Lease of Property
Subtitle A - Municipal Acquisition, Sale, or Lease of Property
Chapter 252 - Purchasing and Contracting Authority of Municipalities
Section 252.041. Notice Requirement
Section 252.0415. Procedures for Electronic Bids or Proposals
Section 252.042. Requests for Proposals for Certain Procurements
Section 252.043. Award of Contract
Section 252.0435. Safety Record of Bidder Considered
Section 252.0436. Contract With Person Indebted to Municipality
Section 252.044. Contractor's Bond
Section 252.045. Referendum on Issuance of Time Warrants
Section 252.046. Circumstances in Which Current Funds to Be Set Aside
Section 252.047. Payment Method for Certain Contracts
Section 252.048. Change Orders
Section 252.049. Confidentiality of Information in Bids or Proposals
Section 252.050. Lease-Purchase or Installment Purchase of Real Property
Section 252.051. Appraisal Required Before Purchase of Property With Bond Proceeds