California Government Code 29126.1 – At any regular or special meeting the board may cancel any unused …
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At any regular or special meeting the board may cancel any unused appropriation in whole or in part upon determining that the source of funding of the appropriation will be unrealized in whole or part. An offsetting reduction shall be made to the corresponding estimated revenue.
(Amended by Stats. 2009, Ch. 332, Sec. 56. (SB 113) Effective January 1, 2010.)
Terms Used In California Government Code 29126.1
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Board: means the board of supervisors of the county, or the same body acting as the governing board of a special district whose affairs and finances are under its supervision and control. See California Government Code 29001
