Annual Report To The President And Congress July 1 1971 June 30 1972 Etc PDF Download

Excerpt from Fifty-Fifth Annual Report for Fiscal 1972: July 1, 1971 Through June 30, 1972 Effective in fiscal year 1970, the State Finance Act was amended to read All appropriations shall be available for expenditure for the fiscal year or for lesser period if the Act making that appropriation so specifies. A deficiency or emergency appropriation shall be available for expenditure only through June 30 of the year when the Act making that appropriation is enacted unless the Act otherwise provides. Outstanding liabilities as of June 30, payable from appropriations which have otherwise expired, may be paid out of the expiring appropriations during the three-month period ending at the close of business on September 30 termed the lapsed period. At the end of the three-month lapse period, the unexpended balance of the appropriation is lapsed. The unexpended amounts required to complete construction projects under way at June 30 are usually reappropriated. Federal aid to the State is channeled through special funds, through Treasury trust funds and thence to appropriated funds, or is paid directly into appropriated funds partially supported from State sources. The statutes generally permit expenditure of Federal aid without appropriation, or in excess of the appropriated amount. Federal aid mingled with State revenue in an appropriated fund is subject to the same restrictions on expenditure as are State revenues. Federal aid for highway construction paid directly into the Road Fund, which also receives State revenues, may not be expended except pursuant to appropriation by the General Assembly. The same restriction applies to Federal aid for public assistance transferred from a trust fund to the General Revenue Fund. Legislative appropriations restricting expenditures are given some flexibility through statutory provisions permitting discretionary transfers from one appropriation to another for the same agency. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.