SUFFICIENCY OF FUNDS
Applied in 1 court decision — leading case Freestone Power Generation, LLC v. Tex. Comm'n on Envtl. Quality (2017)
Most recently applied in Freestone Power Generation, LLC v. Tex. Comm'n on Envtl. Quality (July 2017)
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff
(a) Before contracting under this subchapter, the commission shall determine that it will have sufficient funds available in the year of acquisition to meet its financial obligations under the contract.
(b) Payment of any obligation in the contract is contingent on a legislative appropriation for that purpose in the year the obligation is due, and the contract must state that fact.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.