SECTION 16.158. Encumbrance of Allocated Funds

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The allocation of funds to a district or metropolitan planning organization will be encumbered in an amount equal to the district engineer's estimate of the project cost and periodically adjusted to reflect:
(1) the bid award;
(2) any change orders issued during construction that modify the bid award; and
(3) the total amount paid for a project when it is completed and closed out.

Source Note: The provisions of this §16.158 adopted to be effective January 1, 2011, 35 TexReg 8388

                    
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