Texas Government Code 1507.207 – Payment of Warrants While Notes Are Outstanding
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Terms Used In Texas Government Code 1507.207
- Year: means 12 consecutive months. See Texas Government Code 311.005
If a warrant is drawn against the municipality’s general fund during a calendar year in which a note issued under this subchapter is outstanding, the municipality shall pay the warrant from current funds appropriated for the purpose for which the warrant is drawn. The municipality may not fund or refund the warrant.
