Legislation
SECTION 1-D
Power of city of Troy or covered organization to determine the expenditure of available funds
City of Troy Issuance of Serial Bonds (TRY) CHAPTER ROOT
§ 1-d. Power of city of Troy or covered organization to determine the
expenditure of available funds. Nothing contained in this act shall be
construed to limit the power of the city of Troy or a covered
organization during any emergency period to determine, from time to
time, within available funds for the city of Troy or for such covered
organization, the purposes for which expenditures are to be made by the
city of Troy or such covered organization and the amounts of such
expenditures, consistent with the aggregate expenditures then permitted
under the financial plan for the city of Troy or such covered
organization.
expenditure of available funds. Nothing contained in this act shall be
construed to limit the power of the city of Troy or a covered
organization during any emergency period to determine, from time to
time, within available funds for the city of Troy or for such covered
organization, the purposes for which expenditures are to be made by the
city of Troy or such covered organization and the amounts of such
expenditures, consistent with the aggregate expenditures then permitted
under the financial plan for the city of Troy or such covered
organization.