383C.026 LAPSE OF APPROPRIATIONS.
Each appropriation, except an appropriation for a capital expenditure, lapses at the close
of the fiscal year to the extent that it has not been expended or encumbered. Amounts in funds
unexpended at the end of the fiscal year may be carried over from one fiscal year to the next in
accordance with generally accepted accounting principles.
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 is abandoned if three years pass without a disbursement from or encumbrance
of the appropriation.
History: 1989 c 240 s 6