Payments from Current Revenues Sample Clauses
The "Payments from Current Revenues" clause establishes that any payments required under the agreement will be made solely from the funds currently available to the paying party, typically a government entity or public body. In practice, this means that the obligation to pay is limited to the revenues or funds that have been appropriated or are on hand during the relevant fiscal period, and does not create a debt or liability beyond those available resources. This clause is commonly used to comply with legal restrictions on public spending, ensuring that the entity does not commit to payments it cannot legally or financially guarantee, thereby protecting it from incurring unauthorized debt.
POPULAR SAMPLE Copied 1 times
Payments from Current Revenues. Payments made by the Participating Entity in meeting its obligations under this Agreement shall be made from current revenue funds available to the governing body of the Participating Entity. Payments made by the County in meeting its obligations under this Agreement shall be made from current budget or revenue available to the County.
Payments from Current Revenues. Any payments required to be made by a Party under this Agreement will be paid from current revenues or other funds lawfully available to the Party for such purpose.
Payments from Current Revenues. Each Party paying for the performance of governmental functions or services must make those payments from current revenues available to that paying Party.
Payments from Current Revenues. County shall make all payments pursuant to this agreement from current revenues available to County in accordance with § 791.011 of the Texas Government Code.
Payments from Current Revenues. Any payments required to be made by a Party under this ▇▇▇ shall be paid from current revenues or other funds lawfully available to the Party for such purpose.]
Payments from Current Revenues. Any payments required to be made by a Party under this Agreement will be paid from current revenues or other funds lawfully available to the Party for such purpose. The obligation of Parties to make payments to Round Rock will not constitute a general obligation or indebtness of the Parties that obligate a Party to levy or pledge any revenue from taxes.
Payments from Current Revenues. All payments made by either party under this Agreement shall be from current revenues.
Payments from Current Revenues. Any payments required to be made by any governmental entity under this Agreement will be payable from current revenues or other funds lawfully available for such purpose.