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14-58-203. Appropriations and changes.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-58-203. Appropriations and changes.
(a) The approval by the municipal governing body of the budget under this subchapter shall, for the purposes of the budget from time to time amount to an appropriation of funds which are lawfully applicable to the items therein contained.
(b) The governing body may alter or revise the budget and unpledged funds appropriated by the governing body for any purpose may be subsequently, by action of the governing body, appropriated to another purpose, subject to the following exceptions:
(1) Funds resulting from taxes levied under statutes or ordinances for specific purposes may not be diverted to another purpose;
(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) · 14-58-203
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:14-58-203
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: f6f839a693a7807f7cb0cd2b009c53e593d5d327b81fbe5f4d4d7db8b96e1b7b
Source location: content.xml paragraph 18484
Stored source content
14-58-203. Appropriations and changes.
(a) The approval by the municipal governing body of the budget under this subchapter shall, for the purposes of the budget from time to time amount to an appropriation of funds which are lawfully applicable to the items therein contained.
(b) The governing body may alter or revise the budget and unpledged funds appropriated by the governing body for any purpose may be subsequently, by action of the governing body, appropriated to another purpose, subject to the following exceptions:
(1) Funds resulting from taxes levied under statutes or ordinances for specific purposes may not be diverted to another purpose;
(2) Appropriated funds may not be diverted to another purpose where any creditor of the municipality would be prejudiced thereby.
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