§ 35A.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 outstanding registered warrants may be funded into bonds in any manner authorized by law.
[1985 c 175 § 49.]
Sections: Previous 35A.34.100 35A.34.110 35A.34.120 35A.34.130 35A.34.140 35A.34.150 35A.34.160 35A.34.170 35A.34.180 35A.34.190 35A.34.200 35A.34.205 35A.34.210 35A.34.220 35A.34.230 NextLast modified: April 7, 2009