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