§39-72  Transfers to department. When there are moneys in the general, special, or revolving funds of the State,which in the judgment of the director of finance are in excess of the amountsnecessary for the immediate state requirements, the director of finance maymake temporary transfers of moneys to the department for purposes for whichrevenue bonds may be issued, if in the judgment of the director of finance theaction will not impede or hamper the necessary financial operations of theState.  The total amount of temporary transfers for any undertaking or loanprogram shall not exceed the sum of the unissued revenue bonds authorizedtherefor by the legislature.  The general, special, or revolving funds shall bereimbursed from the proceeds upon the eventual issuance and sale of the revenuebonds.  The sale of the revenue bonds shall not be deferred beyond the datefixed by the director of finance for reimbursement.

The director of finance may make temporarytransfers from the general, special, or revolving funds to any account whichhas been set up in the treasury for the payment of revenue bonds, or theinterest thereon, or to any other account which has been set up in the treasuryfor the making of other payments as are provided or required in this part.  Anytransfer may be made when the account is first opened and prior to any paymenttherefrom, or prior to the issuance of revenue bonds for the undertaking orloan program, or at any time when the account may be temporarily depleted.  Notransfer shall be made unless, in the judgment of the director of finance, theaccount to which the moneys are transferred will be able to effectreimbursement on or before the date fixed by the director of finance forreimbursement.

No interest shall be charged upon any transfermade, and transfers shall be made only upon the request of the department. [L1988, c 28, pt of §3]