§39-3 - Allotments; appropriations.
§39-3 Allotments; appropriations. Whenever the issuance of bonds has been authorized by an act of thelegislature, the bonds may be issued, sold, and delivered prior to or after anyallotments have been made by the governor for the purposes to be financed bythe issuance of the bonds. If any appropriation or any expenditure under anappropriation made in an act of the legislature is conditioned, qualified, ordependent as to effectiveness or amount or otherwise upon the performance,happening, or existence of any act, occurrence, or event, bonds authorized byan act or acts of the legislature to finance all or a portion of such anappropriation may be issued prior to or after the time when all or any part ofthe appropriation becomes effective or the expenditure can be made and prior toor after the performance, happening, or existence of the act, occurrence, orevent; provided however that the proceeds of the bonds may not be applied toany purpose or project requiring an allotment by operation of law until anallotment has been made, or be applied to any appropriation or any expenditureunder an appropriation which has been conditioned, qualified, or made dependentas to effectiveness or amount or otherwise upon the performance, happening, orexistence of any act, occurrence, or event until the appropriation becomeseffective or the expenditure can be made, or be applied to any appropriation orany expenditure under an appropriation in excess of the amount of theappropriation or prior to the time when the appropriation becomes effective. The provisions of this section shall not permit the issuance of bonds tofinance any appropriation which has theretofore lapsed by operation of law. [L1988, c 28, pt of §3]