New Jersey Statutes 40A:4-45.38. Transfer of funds from appropriation subject to limitation
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Terms Used In New Jersey Statutes 40A:4-45.38
- 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
No transfer of funds authorized by N.J.S. 40A:4-58 and N.J.S. 40A:4-59 shall be made from an appropriation which is not subject to limitation pursuant to section 3 or 4 of P.L.1976, c.68 (C. 40A:4-45.3 and 40A:4-45.4) to an appropriation which is subject to either of those limitations. Notwithstanding the provisions of N.J.S. 40A:4-58 and N.J.S. 40A:4-59 no transfer of funds is authorized between appropriations not subject to limitation pursuant to section 3 or 4 of P.L.1976, c.68 (C. 40A:4-45.3 and 40A:4-45.4), except transfers may be made to interest and redemption charges.
L.1990,c.89,s.6.