Hawaii Revised Statutes 103D-309 – Contract not binding unless funds available
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Terms Used In Hawaii Revised Statutes 103D-309
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Contract: means all types of agreements, regardless of what they may be called, for the procurement or disposal of goods or services, or for construction. See Hawaii Revised Statutes 103D-104
- Contract: A legal written agreement that becomes binding when signed.
- Contractor: means any person having a contract with a governmental body. See Hawaii Revised Statutes 103D-104
- county: includes the city and county of Honolulu. See Hawaii Revised Statutes 1-22
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Forbearance: A means of handling a delinquent loan. A
- Procurement: means buying, purchasing, renting, leasing, or otherwise acquiring any good, service, or construction. See Hawaii Revised Statutes 103D-104
Any such legal agreement shall be executed prior to the execution of the state or county contract and shall not jeopardize any federal, state, or county funds.
For the purposes of this subsection:
“Legal agreement” includes a utility agreement, memorandum of understanding, or memorandum of agreement.
“Utility” means a utility company or entity.