Terms Used In Louisiana Revised Statutes 48:892

  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.

All expenses incurred in carrying out the provisions of this Sub-part shall be paid solely from funds provided under the authority of this Sub-part, and no liability or obligation shall be incurred hereunder beyond the extent to which money has been provided under the authority of this Sub-part.