Section 7-305 - Capital expenditures(a) In this section, "capital expenditure" includes an expenditure for: (1) acquisition of land, buildings, or equipment; or(b) At the end of a fiscal year, the unspent part of an appropriation for a capital expenditure made through the State budget or a supplementary appropriation act other than an enabling act for a general obligation loan: (1) does not revert to the General Fund; and(2) with the approval of the Board of Public Works, may be carried in a capital account until it is spent in accordance with subsection (c) of this section or until the authority to spend the appropriation for a project terminates.(c) Money carried in a capital account under subsection (b) of this section may be spent only for a capital purpose.(d) Unless otherwise provided by law, the authority to spend the appropriation for a project terminates:(1) 2 years after the effective date of the appropriation act that authorizes the project, if: (i) evidence that a required matching fund will be provided has not been presented to the Board; or(ii) no part of the project is under contract and the Board has not encumbered money for any part of the project;(2) 1 year after the latest of abandonment, completion, or acceptance of the project; or(3) except to the extent the Board has encumbered money for a State project or program authorized by an appropriation act, 7 years after the effective date of the appropriation act that authorized the project unless:(i) the appropriation act provides otherwise; or(ii) in an emergency, the Board unanimously grants a temporary exception for 1 year.