7-6-613. Procedure to transfer funds.

109 words·~1 min read·/mt/title-7/chapter-6/part-6/7-6-613

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

7-6-613 . Procedure to transfer funds. Money may not be transferred from one fund to another except by resolution of a county or municipal governing body unless the transfer is:

(1)previously authorized by a budget resolution;

(2)provided for by 7-6-614 ;

(3)made in the usual course of county or municipal business for:

(a)school transfers;

(b)tax increment finance districts;

(c)specialized tax situations;

(d)the purpose of distributing refunds, protested taxes, or interest charges for interest in lieu of registered warrants;

(e)bond sinking fund transfers;

(f)residual equity transfers;

(g)transfers of investments; or

(h)corrections of errors; or

(4)otherwise authorized by statute.