8.33 TIME LIMIT ON OBLIGATIONS -- REVERSION.
No obligation of any kind shall be incurred or created subsequent
to the last day of the fiscal year for which an appropriation is
made, except when specific provision otherwise is made in the Act
making the appropriation. On August 31, or as otherwise provided in
an appropriation Act, following the close of each fiscal year, all
unencumbered or unobligated balances of appropriations made for that
fiscal term revert to the state treasury and to the credit of the
funds from which the appropriations were made, except that capital
expenditures for the purchase of land or the erection of buildings or
new construction continue in force until the attainment of the object
or the completion of the work for which the appropriations were made
unless the Act making an appropriation for the capital expenditure
contains a specific provision relating to a time limit for incurring
an obligation or reversion of funds. This section does not repeal
sections 7D.11 through 7D.14.
No payment of an obligation for goods and services shall be
charged to an appropriation subsequent to the last day of the fiscal
year for which the appropriation is made unless the goods or services
are received on or before the last day of the fiscal year, except
that repair projects, purchase of specialized equipment and
furnishings, and other contracts for services and capital
expenditures for the purchase of land or the erection of buildings or
new construction or remodeling, which were committed and in progress
prior to the end of the fiscal year are excluded from this provision.
8.33 TIME LIMIT ON OBLIGATIONS -- REVERSION.
No obligation of any kind shall be incurred or created subsequent
to the last day of the fiscal year for which an appropriation is
made, except when specific provision otherwise is made in the Act
making the appropriation. On August 31, or as otherwise provided in
an appropriation Act, following the close of each fiscal year, all
unencumbered or unobligated balances of appropriations made for that
fiscal term revert to the state treasury and to the credit of the
funds from which the appropriations were made, except that capital
expenditures for the purchase of land or the erection of buildings or
new construction continue in force until the attainment of the object
or the completion of the work for which the appropriations were made
unless the Act making an appropriation for the capital expenditure
contains a specific provision relating to a time limit for incurring
an obligation or reversion of funds. This section does not repeal
sections 7D.11 through 7D.14.
No payment of an obligation for goods and services shall be
charged to an appropriation subsequent to the last day of the fiscal
year for which the appropriation is made unless the goods or services
are received on or before the last day of the fiscal year, except
that repair projects, purchase of specialized equipment and
furnishings, and other contracts for services and capital
expenditures for the purchase of land or the erection of buildings or
new construction or remodeling, which were committed and in progress
prior to the end of the fiscal year are excluded from this provision.
8.33 TIME LIMIT ON OBLIGATIONS -- REVERSION.
No obligation of any kind shall be incurred or created subsequent
to the last day of the fiscal year for which an appropriation is
made, except when specific provision otherwise is made in the Act
making the appropriation. On August 31, or as otherwise provided in
an appropriation Act, following the close of each fiscal year, all
unencumbered or unobligated balances of appropriations made for that
fiscal term revert to the state treasury and to the credit of the
funds from which the appropriations were made, except that capital
expenditures for the purchase of land or the erection of buildings or
new construction continue in force until the attainment of the object
or the completion of the work for which the appropriations were made
unless the Act making an appropriation for the capital expenditure
contains a specific provision relating to a time limit for incurring
an obligation or reversion of funds. This section does not repeal
sections 7D.11 through 7D.14.
No payment of an obligation for goods and services shall be
charged to an appropriation subsequent to the last day of the fiscal
year for which the appropriation is made unless the goods or services
are received on or before the last day of the fiscal year, except
that repair projects, purchase of specialized equipment and
furnishings, and other contracts for services and capital
expenditures for the purchase of land or the erection of buildings or
new construction or remodeling, which were committed and in progress
prior to the end of the fiscal year are excluded from this provision.
