§ 45-2-3.2 - Availability of funds upon failure of city or town to approve annual appropriation.
SECTION 45-2-3.2
§ 45-2-3.2 Availability of funds uponfailure of city or town to approve annual appropriation. – Unless otherwise provided by a city or town charter, in an emergency caused bya failure of a city or town to approve an annual appropriation measure, thesame amounts appropriated in the previous fiscal year shall be available foreach department and division thereof, subject to monthly or quarterlyallotments, in accordance with seasonal requirements, as determined by the cityor town's chief financial officer: provided, that expenditures for payment ofbonded indebtedness of the city or town and interest thereon shall be in suchamounts as may be required, regardless of whether or not an annualappropriation ordinance is enacted by the city or town council.