383B.114 APPROPRIATIONS AND TAX LEVY.
Subdivision 1.
Budget adoption. Adoption of the budget, pursuant to section
383B.111,
by the board shall constitute appropriations of the amounts specified therein to the funds and
departments indicated and shall constitute for each fund a levy of the tax therein as required.
Subd. 2.
Lapse of appropriations. Each appropriation, except an appropriation for a capital
expenditure and those restricted or varied forward pursuant to section
383B.112, subdivision 1,
lapses at the close of the fiscal year to the extent that it has not been expended or encumbered. An
appropriation for a capital expenditure continues in force until the purpose for which it was made
has been accomplished or abandoned. The purpose of a capital expenditure appropriation shall be
deemed abandoned if three years pass from the date of the appropriation without a disbursement
from or encumbrance of the appropriation.
History: 1979 c 198 art 2 s 4