Sec. 10. (a) The governing board and the board's officers may not contract any obligation or pay out any money in excess of an annual budget and appropriations made for those purposes by the fiscal body of the city, as provided by statute.
(b) The board shall, before the time for the fixing of the city budget, annually present to the city fiscal body a detailed report of the receipts and expenditures of each hospital for the current year and a detailed estimate of the money needed for the next fiscal year. This must be done in the manner prescribed by statute or in the manner prescribed by the city fiscal body if a manner is not prescribed by statute.
(c) This section does not apply to funds from donations and bequests, which shall be administered in accordance with section 11 of this chapter.
[Pre-1993 Recodification Citation: 16-12.2-8-4.]
As added by P.L.2-1993, SEC.6.
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