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State Law References: Purchasing and contracting authority of municipalities, V.T.C.A., Local Government
Code ch. 252.
9.44. Lapse of Appropriations.
Every appropriation, including capital expenditure, shall lapse at the close of the fiscal year to the extent
that it has not been extended or encumbered.
Appendix
386 FY 2026 City of Southlake | Budget Book
