head on ibugust 31, 1937, Is hereby reappropri- ated r0r the purpose0 0r thio hat fOr th4 rim- a81 year ending August 31, 1938, to asGum the payment of any warrants lasuod under thu provia- ions this Aot.'

~bsequuent lnarease in the n&er of qualified reaiploat8 for Old &s'keeistanae, together with railare of the t8xes ooatala- ed in Bouse Bill no. 0 to bring in the total revenue xpeated, mde it iatpasslble to continue aurrent benefit payments and ta retire the Thla raat, hovmer, did not atraot tba w- wrraat8 as anticipated. udit~0rth0 0utadi~-t8. ml8 4ep8rtmmnt, ln 8a abla oplnlen wrlttoa by Z’roa 0. Yunu, , Aeeletwt -At- tr, aeaza, u64re8* fo *o&l SnQor aate ef iwq v lmv,. -a fbr wty er tha -te la*r#d uwht &uoo WG uo. ST, elm*“a 131, wera set p8ld befera Auguots1, lose. w. quota. frea taie o~plnlea,-

685 !F!p 0.. ;. ), Honorable F.:. A. Little, April 7, 1939, fade 3

prlatlon ror 8C3hSie8 and -$3eWe8 0r the Old &e A88i8tLMOO CoQ8Ui88lon 'during the biennium ending August Sl, 1959. This rider, a8 refer- rod to and sot out In your letter, provides for the appropriation of all lnaomo to the T8xae old hge h86i8tEMe Fund, together with 8n;l bU~ce8 on hand at the end of a prior ri8Cu gear, ior 08Oh Of the ii8Oal year8 ending Au&ust 31, 1930, #Uia bl@8t 31, 1939, to tile %3X88 Old Age AS8lCb tame Commission ror, among other things, th8 of ifltnX'88t boarinq WlTMt8, togetlwr *pat d#latoro8tthoraoa,ou68tMdlng onAugu#ts1, lWSV, 6h8t *rre.ianud 8&wt t&a To+ Old &a A88l8taaoomlldrudotth8p?#l8lon8o~Eoy8e Bll18VT,Aot8 ortbkfortp*mi&Ilo&8x8~, T hird a allod 88ulon~ .~* l ?

0r tha arrant8.,

EWEO Bill 179.oxprosd.y eppmprldto8 "out of fun& allo- oat@ la promnt and/or future law8 to the 016 ,&so Amlmtuor Yuad 8 mm nritiolont to pay aaM obl%@8tiOI? ud the lateroat thamos"- We oall partloular attention to him ~rcrof that fhla protld~ Of BOWa Bill 179 OX&UWJ81f a~lWpX'ht~O~~a6~ OUt Of th8 old &8 &8-

Eonorablo 'i;. A. Little, April 7, 1939, Page 4

818tanae Fund r0r the pnyment the prinaipal and interest or the Otlt8tandiag walTant+ and the new issue of ~$t~,OOO.OO aufhorlzed by tha Aet; whereas, under Eouso Bill S7 only the 8UUexpada ha- MOW, wet8 dlreoted to be used in the payment of the warrants. This WUXWt8 pX%WislOn may (Or tha r9finding ObllgatiOn8 for which they OX- be or uOU8e bill ^[179] ha8 the ImOQt, We belielre, that, the80 oh-d) mature into pre8ently enroxwlble C1811M aain8t the Old &e A88lrtanoo Fund in aooord8uoe with tha 8OhedUla eet out in tbs Aat. B'llklaeon vs. Franklin County (Tourkana Court oi Glvll Ap- psalm, 1936), 94 3.~. (2d) 1190; Unduwood Vs. Howard (Amrlllo Court of Civil Appeals, 1927) 1 S.F. (26) 730 (writ dismim8od), V8. CilWky, 282 58. 662 (nit rOfW&). at8

Honorable U. A. Little, April 7, 1939, Page 5

9 (b) thereof, a8 do48 thn amsnding aot, being Iiouse Bill No. 8, Aote 1936, Third C4114d Scaeion, Forty-fourth Legislature ln Ar- tiole II, Section 11 (b) thereof, 48 iollowe:

Vrovlded that it the runa 18 inrruiri- cient to pay all grants in full, the 88m4 8ball be paid promta based ou th4 8munt granted to 4aoh.r4oipiO8t.* .

This authority to raw4 current banefft paymanta to an amount wlthla th4 arailabl4 rum oon8tauea ta oonjuuotlcn dtP tE4 4xpr488 amJotloain~sfm8o~l99 ta py outaandiagrrr-

&ad* us to 8b o ,du- X0 Ewe aiBau88od our 4oaotrwtion ar tE@ woaa %uaou- treble* as u8+d in th%a Aot la our opinion Ho. oI8l&~Il;kl S&b- lluIf 14, 1.989, adaros8od to tE4 88norow w: L44 o*woi* to v+lob we rpru roe.

Th4 P-u, “ud the fu3.l f&QB and sre&lt of the Stat. to thdr 9aymnt*, o8unet we bOllr*o, )Uto th4 at tho 8tEti Of WUZ'MtS 6-0X43& obii&Et$OM How. Bill 199 l xpx'488ly provWo8.thM thoee w4rr4at8rh8ll TOW. bo paa out of a 8poaial irurd, Lo., th4 oia lie8 ~8i8tiafb00 2w. end a raprlato8 monle8 out Or 8ald 8paaiel fuad for tk4.r Bt. TEl.8 +.o say, howover:, bo intorprotetl a8 an axpn88ion by thm mgl8 ture that it recognl848 the S-W*8 obligation PO paWMe ior r448 - t& pEym#tt or th4.4 wErrsat8. It ir in 4ffoot M oxpro tiOlr bJ th0 mJiOtitW3 Of th0 iEpliO6 Obiig4tiOn Or the &4tO 8uoh ituatlon8 a8 #tat06 by t-h8 augrah8 Wart of T-8, Wm in City Ammoas pass t. lceiling, I.!49 8. tluou@l Or4ormod, f., w. 828, et page 881: *6 Honorable W. A. Little, April 7, 1939, Page 6

WI. 818. at page 821:

"State and federal authorities are wir0r8i that, when an aot 0r a *fate loglslature, author- izing a bon6 issue, oreatas, or authorizes the oreatlon of, a oertaln rund rot th0 bonbs’ pay- ment, euoh provlslon oi tba aot Utel.8 into the oontraot between the bobtor and the holder8 of the bonds, lie that it oannot be repealed by Sub- Without the 8UbStitUtiOU SaCJUent iegi#iatiOR Of 88U4thit& Of OWue;L Oftim. SUbSOqU4nt 146- m OS tho eon- ,lqmlr teen obl$gatian 18-t%= U orabro,oemwuooaatitutlolal -t* -A, 00idoBant1on.-