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.

Terms Used In Washington Code 35.34.170

  • 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
  • Fiscal biennium: means the period from January 1 of each odd-numbered year through December 31 of the next succeeding even-numbered year. See Washington Code 35.34.030
  • fund: means the budgeting or accounting entity authorized to provide a sum of money for specified activities or purposes. See Washington Code 35.34.030
  • Legislative body: includes the council, commission, or any other group of officials serving as the legislative body of a city or town. See Washington Code 35.34.030
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