Sec. 748.403. - Contracts authorized without funds in Treasury; limitation.

Notwithstanding the provisions of Subpart C, Part 3, Chapter 106 , authority is granted for the City to enter into multiyear contracts for real property interests for, construction of and consultant services for projects listed on the road program with a final priority of "1A" or "1B", as appropriate, without there being at the time funds in the Treasury available to cover the total contract payment to be made by the City. A contract to be entered into under this Part shall be awarded pursuant to the then effective road program and cash flow schedule at the time scheduled thereon; if it is awarded at any other time, the provisions of Subpart C, Part 3, Chapter 106 , shall apply and the authority granted in the first sentence of this Section shall not be available. A contract shall be awarded only in conformity with the obligation authority for the project contained on the then effective road program and shall not provide for a larger obligation of funds during any one fiscal year than is established by the obligation authority for that project for that fiscal year. On all contracts awarded under this Part and pursuant to the authority granted by this Section, the City Highway Engineer shall certify that the contract has been awarded in accordance with the current road program and obligation authority and the Director of Finance and Administration shall certify that the schedule for funds transfers to the City from the State Treasury contained in the cash flow schedule adequately provides for payments to be made under the contract during the current fiscal year at the times specified in the contract; and no payments to the contractor or to any other person on account of a contract awarded under this Part shall be made until and unless these certifications are made by the City Highway Engineer and the Director of Finance and Administration. (Ord. 78-329-131, § 1; Ord. 78-744-361, § 9; Ord. 83-591-400, § 1; Ord. 2016-140-E , § 16) Editor's note— Ordinance 2007-839-E, § 18, authorized updated department/division names pursuant to reorganization. Note— Former § 620.403.