C.R.S. Section 22-44-115
No obligation in excess of appropriation

(1)

A board of education of a school district shall not expend any moneys in excess of the amount appropriated by resolution for a particular fund.

(2)

Repealed.

(3)

Except as provided otherwise by this section, any obligation of a contract, verbal or written, which requires expenditures contrary to the provisions of subsection (1) of this section shall be void, and no school district moneys shall be paid thereon.

(4)

Notwithstanding any provisions of this section to the contrary, the board of education of a school district may enter into a contract for administrative services with a term not to exceed five years, for capital outlay purposes in accordance with articles 32, 42, 43, and 45 of this title, or for the purchase of real property by local college districts in accordance with section 23-71-122 (1)(c), C.R.S. Such a contract shall be valid and enforceable between parties to the contract. The provisions of this subsection (4) shall be subject to annual appropriation by the general assembly, the board of education, or the governing board.

Source: Section 22-44-115 — No obligation in excess of appropriation, https://leg.colorado.gov/sites/default/files/images/olls/crs2023-title-22.pdf (accessed Dec. 24, 2024).

22‑44‑101
Short title 22‑44‑102
Definitions 22‑44‑103
Budget and appropriation - required 22‑44‑103.5
Budget for 1992 transitional fiscal year - budget years thereafter 22‑44‑104
Failure to adopt budget or appropriation 22‑44‑105
Budget - contents - mandatory 22‑44‑106
Contingency reserve - operating reserve 22‑44‑107
Appropriation resolution - required 22‑44‑108
Preparation of budget 22‑44‑109
Notice of budget - publication 22‑44‑110
Budget - consideration - adoption 22‑44‑111
Budget - filing 22‑44‑112
Transfer of moneys 22‑44‑113
Borrowing from funds 22‑44‑114
Record of expenditures 22‑44‑115
No obligation in excess of appropriation 22‑44‑115.5
Fiscal emergency - effect on budget 22‑44‑116
Malfeasance - removal 22‑44‑119
Fiscal emergency restricted reserve 22‑44‑201
Short title 22‑44‑202
Legislative declaration 22‑44‑203
Adoption and compatibility of handbook 22‑44‑204
Use of handbook by school districts 22‑44‑206
Administration 22‑44‑301
Short title 22‑44‑302
Legislative declaration 22‑44‑303
Definitions 22‑44‑304
Financial reporting - online access to information 22‑44‑305
Waivers of state statute - reporting

Up to date

Current through Fall 2024

§ 22-44-115’s source at colorado.gov

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Location: https://colorado.public.law/statutes/crs_22-44-115

Original Source: Section 22-44-115 — No obligation in excess of appropriation, https://leg.colorado.gov/sites/default/files/images/olls/crs2023-title-22.pdf (last accessed Jul. 25, 2023).