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This entry was published on 2014-09-22
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Indebtedness not to be contracted without appropriation
State Finance (STF) CHAPTER 56, ARTICLE 4
§ 41. Indebtedness not to be contracted without appropriation. No
state officer, employee, board, department or commission shall contract
indebtedness on behalf of the state, nor assume to bind the state, in an
amount in excess of money appropriated or otherwise lawfully available.
This section shall not apply to a case where a statute expressly
authorizes the making of a contract or contracts for a stated maximum
amount which exceeds the money appropriateed or otherwise available for
payments thereon.