7-6-4239. Procedure when there exist unpaid and outstanding warrants at end of fiscal year. (1) When at the end of any fiscal year any city has warrants outstanding and registered against any fund, other than warrants issued by reason of any emergency budget or budgets, and is without sufficient cash in such fund to pay the same with interest thereon, the city council must, in the annual budget for such fund for the immediately following fiscal year, make an appropriation to pay such warrants or a substantial part thereof with the interest thereon. The amount of such appropriation shall be fixed and determined by the city council but must, in any event, be at least 10% of the amount which the levy for the fund will produce if the amount of such outstanding and registered warrants, with interest thereon, equals or exceeds such amount.
     (2) When at the end of any fiscal year any city has outstanding registered emergency warrants against any fund issued by reason of any emergency budget or budgets and is without sufficient cash in such fund to pay the same with interest thereon, the city council must, in the annual budget for such fund for the immediately following fiscal year, make an appropriation sufficient to pay such warrants with interest thereon.
     (3) None of the provisions of this section shall be construed as authorizing a levy to be made for any fund in excess of the limitation prescribed by existing law or acts hereafter enacted amendatory thereof.

     History: En. Sec. 1, Ch. 53, L. 1943; re-en. Sec. 5083.6A, R.C.M. 1935; R.C.M. 1947, 11-1407.