§40-90 - Encumbrances, when void.
[§40-90] Encumbrances, when void. (a)
All encumbrances for claims which the comptroller has determined to be inactive
shall become void six months from the end of the fiscal year of the original
encumbrance, or within a period of time less than six months as designated by
the comptroller.
(b) All encumbrances for contracts shall
become void after five years from the end of the fiscal year of the original
encumbrance; provided that the comptroller may grant an exemption from this
subsection if the comptroller finds that there is sufficient justification to
extend a contract encumbrance. [L 1996, c 40, pt of §1]