SB25-263
Spending Authority Statutes
Concerning statutes governing spending authority, and, in connection therewith, extending the repeal date of certain statutes that allow transfers and overexpenditures in limited circumstances and clarifying which transfers between appropriations are for like purposes.
Session:
2025 Regular Session
Subject:
Bill Summary
State Revenue & Budget
The act extends the repeal date from September 1, 2025, to September 1, 2030, for statutes authorizing the transfer of spending authority between line items in specified circumstances and allowing overexpenditures in excess of the amount authorized by an item of appropriation in specified circumstances.
The act also clarifies which transfers between appropriations are for like purposes in the statute allowing for intradepartmental transfers and specifies that transfers between any line items of appropriation in the department of corrections that are not explicitly authorized in a footnote to the annual general appropriation act are not for like purposes.
(Note: This summary applies to this bill as enacted.)