§ 9.8. Appropriations

Latest version.

A)

Adoption of the budget by the Council shall constitute appropriations of the amounts specified therein for expenditure from the funds indicated.

B)

The proceeds of any municipal borrowing authorized by Section 9.14 shall not be subject to any requirement of prior budgeting or appropriation as a condition of their expenditure.

C)

The amount necessary to repay any such municipal borrowing, including interest, need not be budgeted or appropriated in full in the year in which the borrowing occurs; however, such amounts necessary to pay debt service shall be budgeted and appropriated on an annual basis, provided that no failure to budget and appropriate such annual debt service amounts shall affect the enforceability of any covenant of the Town to make such payments.

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');