Minnesota Statutes Counties, County Officers, Regional Authorities (Ch. 370-403) § 383C.026. Lapse of appropriations
Current as of January 01, 2018 | Updated by FindLaw Staff
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Each appropriation, except an appropriation for a capital expenditure, lapses at the close of the fiscal year to the extent that it has not been expended or encumbered. Amounts in funds unexpended at the end of the fiscal year may be carried over from one fiscal year to the next in accordance with generally accepted accounting principles.
An appropriation for a capital expenditure continues in force until the purpose for which it was made has been accomplished or abandoned. The purpose of a capital expenditure appropriation is abandoned if three years pass without a disbursement from or encumbrance of the appropriation.
Cite this article: FindLaw.com - Minnesota Statutes Counties, County Officers, Regional Authorities (Ch. 370-403) § 383C.026. Lapse of appropriations - last updated January 01, 2018 | https://codes.findlaw.com/mn/counties-county-officers-regional-authorities-ch-370-403/mn-st-sect-383c-026.html
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