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District of Columbia Code Division I. Government of District. § 1-325.153c. Release of encumbered or pre-encumbered funds; transfer of surplus capital funds.

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) If a department, office, or agency has a capital project with $250,000 or less in encumbered or pre-encumbered funds that have been in an encumbered or pre-encumbered status for 2 consecutive years, the OCFO shall provide written notice to the department, office, or agency of the OCFO's identification of such funds.

(b) Within 30 days of receipt on this notice, the department, office, or agency to which the funds have been budgeted or allotted shall:

(1) Notify the OCFO in writing of its intent to expend the funds and provide a spending plan for the funds; or

(2) Release the funds.

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Cite this article: FindLaw.com - District of Columbia Code Division I. Government of District. § 1-325.153c. Release of encumbered or pre-encumbered funds; transfer of surplus capital funds. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-i-government-of-district/dc-code-sect-1-325-153c/

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