§ 35.34.170. Registered warrants -- Payment
In adopting the final budget for any fiscal biennium, the legislative body shall appropriate from estimated revenue sources available, a sufficient amount to pay the principal and interest on all outstanding registered warrants issued since the adoption of the last preceding budget except those issued and identified as revenue warrants and except those for which an appropriation previously has been made. However, no portion of the revenues which are restricted in use by law may be appropriated for the redemption of warrants issued against a utility or other special purpose fund of a self-supporting nature. In addition, all or any portion of the city's or town's outstanding registered warrants may be funded into bonds in any manner authorized by law.
[1985 c 175 § 20.]
Sections: Previous 35.34.100 35.34.110 35.34.120 35.34.130 35.34.140 35.34.150 35.34.160 35.34.170 35.34.180 35.34.190 35.34.200 35.34.205 35.34.210 35.34.220 35.34.230 NextLast modified: April 7, 2009