Common use of Annual Appropriation Clause in Contracts

Annual Appropriation. Consistent with Article X, § 20 of the Colorado Constitution, any financial obligation of the Town not performed during the current fiscal year is subject to annual appropriation, and thus any obligations of the Town hereunder shall extend only to monies currently appropriated and shall not constitute a mandatory charge, requirement, debt or liability beyond the current fiscal year.

Appears in 13 contracts

Sources: Services Agreement, Professional Services Agreement, Professional Services

Annual Appropriation. Consistent with Article X, § 20 of the Colorado Constitution, any financial obligation of the Town City not performed during the current fiscal year is subject to annual appropriation, and thus any obligations of the Town City hereunder shall extend only to monies currently appropriated and shall not constitute a mandatory charge, requirement, debt or liability beyond the current fiscal year.

Appears in 4 contracts

Sources: Professional Services, Professional Services, Professional Services

Annual Appropriation. Consistent with Article X, § 20 of the Colorado Constitution, any financial obligation of the Town not performed during the Town’s current fiscal year is remains subject to annual appropriation, and thus any obligations of the Town hereunder shall extend only to monies currently appropriated and shall not constitute a mandatory charge, requirement, debt or liability beyond the current fiscal year.

Appears in 1 contract

Sources: License and Easement Agreement