(a) An obligation shall not be paid from appropriated funds until the General Assembly has made an appropriation for that purpose.
(b) A state agency shall not enter into any contract that would contemplate that payments under the contracts would be made beyond the expiration of the biennial period unless the General Assembly, before the expiration of the biennial period, makes an appropriation for that purpose, or in the case of multiyear contracts for commodities or services, a determination in writing has been made before use that:(1) Estimated requirements cover the period of the contract and are reasonably firm and continuing; and(2) Such a contract would serve the best interests of the state by encouraging effective competition or otherwise promoting economies in state procurement.
(1) Estimated requirements cover the period of the contract and are reasonably firm and continuing; and
(2) Such a contract would serve the best interests of the state by encouraging effective competition or otherwise promoting economies in state procurement.
(c) An obligations shall not be incurred unless there are sufficient funds or an approved federal grant on hand, or estimated to become available, to meet the obligation when it becomes due.