Tex. Local Gov't Code Section 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.

Source: Section 252.046 — Circumstances in Which Current Funds to Be Set Aside, https://statutes.capitol.texas.gov/Docs/LG/htm/LG.252.htm#252.046 (accessed Apr. 29, 2024).

252.001
Definitions 252.002
Municipal Charter Controls in Case of Conflict 252.003
Application of Other Law 252.021
Competitive Requirements for Purchases 252.022
General Exemptions 252.023
Exemptions from Referendum Provisions 252.024
Selection of Insurance Broker 252.041
Notice Requirement 252.042
Requests for Proposals for Certain Procurements 252.043
Award of Contract 252.044
Contractor’s Bond 252.045
Referendum on Issuance of Time Warrants 252.046
Circumstances in Which Current Funds to Be Set Aside 252.047
Payment Method for Certain Contracts 252.048
Change Orders 252.049
Confidentiality of Information in Bids or Proposals 252.050
Lease-purchase or Installment Purchase of Real Property 252.051
Appraisal Required Before Purchase of Property with Bond Proceeds 252.061
Injunction 252.062
Criminal Penalties 252.063
Removal 252.0215
Competitive Bidding in Relation to Historically Underutilized Business 252.0415
Procedures for Electronic Bids or Proposals 252.0435
Safety Record of Bidder Considered 252.0436
Contract with Person Indebted to Municipality

Accessed:
Apr. 29, 2024

§ 252.046’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._local_gov't_code_section_252.046

Original Source: Section 252.046 — Circumstances in Which Current Funds to Be Set Aside, https://statutes.capitol.texas.gov/Docs/LG/htm/LG.252.htm#252.046 (last accessed Apr. 29, 2024).