12-16,111. Same; not subject to budget limitations.
12-16,111
12-16,111. Same; not subject to budget limitations.
Any money received by a municipality from a state loan or
grant may be expended without regard to budget limitations and over, above
or outside the budget, and such expenditures shall not be charged against
the budget. If a municipality temporarily finances the service or
improvement from budgeted funds and later is reimbursed by the state loan
or grant, such expenditures shall not be charged against the budget. If a
municipality temporarily finances the service or improvement from budgeted
funds and later is reimbursed by the state loan or grant, such expenditure
from budgeted funds shall be a reimbursed expense, and if received after
the budget year, shall increase the current budget to the same amount
unless the budget had anticipated and included the reimbursement as income.
History: L. 1989, ch. 56, § 4; July 1.