Find Bill
Find Your Legislator
Legislative Deadlines
RSS Feed Permanent URL -A +A

2017 Statute



Prev Article 11. - CASH-BASIS LAWNext


10-1112.Issuance of warrants and other evidences of indebtedness unlawful. Unless otherwise provided in this act, it shall be unlawful after May 1, 1933, for the governing body of any municipality to create any indebtedness in excess of the amount of funds actually on hand in the treasury of such municipality at the time for such purpose, or to authorize the issuance of any order, warrant, or check, or other evidence of such indebtedness of such municipality in excess of the funds actually on hand in the treasury of such municipality at the time for such purpose.

History: L. 1933, ch. 319, § 12; March 31.



Prev Article 11. - CASH-BASIS LAWNext