Appropriations Required Clause Samples
Appropriations Required. The Parties acknowledge that funding under this Agreement will be made from current revenues available to the Parties for each fiscal year. State law prohibits the obligation and expenditure of public funds beyond the fiscal year for which a budget has been approved. None of the Parties can guarantee the availability of funds, and each of the Parties enter into this Agreement only to the extent such funds are made available. None of the Parties will have recourse against any other Party for its failure to appropriate funds for the purposes of this Agreement in any fiscal year. It is agreed that each Party has appropriated the necessary funds for this Agreement in Fiscal Year 2019-2020.
Appropriations Required. The City’s obligation to remit payments under this Agreement shall be subject to the annual appropriation of sufficient funds therefor by the City of Boulder City Council. Any financial obligations of the District under this Agreement are similarly expressly made subject to annual appropriation and budgeting of specific funds to discharge such financial obligations.
Appropriations Required. The Parties acknowledge that funding under this Agreement will be made from current revenues available to the Parties for each fiscal year.