Transfer Authority: Capital Improvements

There is hereby authorized an annual appropriation, for the purpose of supplementing, by transfer, any appropriation made for a capital improvement or other specific project, excluding annual operating appropriations. Such transfers may be made by the Governor, with the concurrence of the Committee on Rules of the Legislature, in the following cases only:

(a)Where the transfer is found to be necessary to avoid waste or to avoid undue delay in completing an improvement or project; and COL4/6/2022 CH. 22 GENERAL FISCAL POLICIES AND CONTROLS

(b)The total transfers shall in no event be more than $5,000 or 10% of the appropriation, whichever is less, made for the improvement project.