Common use of Subject to Appropriation Clause in Contracts

Subject to Appropriation. Except with respect to those funds that as a matter of law are not subject to appropriation by the General Assembly, the Parties acknowledge that the funds for the Financing Plans under this Governance Agreement are subject to biennial appropriation by the General Assembly and the availability of the amounts necessary to fund such appropriations. The obligation of IFA and RDA to fund does not constitute an indebtedness of the State or any political subdivision thereof within the meaning or application of any constitutional provision or limitation, nor does it constitute a pledge of the faith, credit or taxing power of the State or any political subdivision thereof within the meaning or application of any constitutional provision or limitation. IFA and RDA have no taxing power. No Party has the right to have taxes levied or compel appropriations by the General Assembly for any payment contemplated hereunder.

Subject to Appropriation. Except with respect to those funds that as a matter of law are not subject to appropriation by the General Assembly, the Parties acknowledge that the funds for the Financing Plans under this Amended Governance Agreement are subject to biennial appropriation by the General Assembly and the availability of the amounts necessary to fund such appropriations. The obligation of IFA and RDA to fund does not constitute an indebtedness of the State or any political subdivision thereof within the meaning or application of any constitutional provision or limitation, nor does it constitute a pledge of the faith, credit or taxing power of the State or any political subdivision thereof within the meaning or application of any constitutional provision or limitation. IFA and RDA have no taxing power. No Party has the right to have taxes levied or compel appropriations by the General Assembly for any payment contemplated hereunder.