§206E-16.5 - Expenditures of revolving funds under the authority exempt from appropriation and allotment.
[§206E-16.5] Expenditures of revolvingfunds under the authority exempt from appropriation and allotment. Exceptas to administrative expenditures, and except as otherwise provided by law,expenditures from any revolving fund administered by the authority may be madeby the authority without appropriation or allotment of the legislature;provided that no expenditure shall be made from and no obligation shall beincurred against any revolving fund in excess of the amount standing to thecredit of the fund or for any purpose for which the fund may not lawfully beexpended. Nothing in sections 37-31 to 37-41 shall require the proceeds of anyrevolving fund administered by the authority to be reappropriated annually. [LSp 1995, c 11, §4]