Section 11-43C-63
Existing budget continued in force.
Any officially adopted budget in existence at the time that the council is first organized shall continue in force and effect during the balance of the city's then fiscal year, or until such time as the mayor may submit to the council and the council adopts an amended, altered, or revised budget for the balance of said fiscal year.
(Acts 1987, No. 87-102, p. 116, §63.)