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14-47-125. Budget and appropriations.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-47-125. Budget and appropriations.
(a) The approval by the board of directors of the budget shall amount to an appropriation for the purposes of the budget of the funds which are lawfully applicable to the different items therein contained.
(b) The board may alter or revise the budget from time to time, and unpledged funds appropriated by the board for any specific purpose may be appropriated by subsequent action of the board to another purpose, subject to the following exceptions:
(1) Funds resulting from taxes levied under statute or ordinance for a specific purpose may not be diverted to another purpose; and
(2) Appropriated funds may not be diverted to another purpose where any creditor of the municipality would be prejudiced thereby.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-47-125
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:14-47-125
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 94dd947fdf67437bf9b1187bed00651297e78ab376ffc8f38ac7c751ac1d7bbd
Source location: content.xml paragraph 12249
Stored source content
14-47-125. Budget and appropriations.
(a) The approval by the board of directors of the budget shall amount to an appropriation for the purposes of the budget of the funds which are lawfully applicable to the different items therein contained.
(b) The board may alter or revise the budget from time to time, and unpledged funds appropriated by the board for any specific purpose may be appropriated by subsequent action of the board to another purpose, subject to the following exceptions:
(1) Funds resulting from taxes levied under statute or ordinance for a specific purpose may not be diverted to another purpose; and
(2) Appropriated funds may not be diverted to another purpose where any creditor of the municipality would be prejudiced thereby.
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