Section 706 - Transfer of appropriationsNotwithstanding any authority granted elsewhere, all transfers of appropriations shall be made pursuant to this section upon the initiative of the Governor or upon the request of a secretary or commissioner.
(1) With the approval of the Governor, the Commissioner of Finance and Management may transfer balances of appropriations not to exceed $50,000.00 made under any appropriation act for the support of the government from one component of an agency, department, or other unit of State government to any component of the same agency, department, or unit.(2) Except as specified in subdivisions (1) and (4) of this section, the transfer of balances of appropriations may be made only with the approval of the Emergency Board.(3) For the specific purpose of balancing and closing out fund accounts at the end of a fiscal year, the Commissioner of Finance and Management may adjust a balance within an account of an agency or department in an amount not to exceed $100.00.Added 1959, No. 328 (Adj. Sess.), § 6; amended 1971, No. 92, § 16, eff. 6/1/1971; 1977, No. 247 (Adj. Sess.), § 188, eff. 4/17/1978; 1979, No. 74, § 321; 1983, No. 195 (Adj. Sess.), § 5(b); 1999, No. 11, § 1; 1999, No. 66 (Adj. Sess.), § 53, eff. 2/8/2000; 2003, No. 80 (Adj. Sess.), § 79, eff. 3/8/2004; 2005, No. 80, § 52; 2007, No. 65, § 395, eff. 6/4/2007; 2011 , No. 3, § 90, eff. 2/17/2011; 2011, No. 153 (Adj. Sess.), § 29.