P.R. Laws tit. 3, § 8764

2019-02-20 00:00:00+00

§ 8764. Savings due to reduction in expenses

Any economy that is generated because the expenses in a determined fiscal year are less than the sum appropriated for that same year in the budget approved pursuant to the provisions of this chapter may be used by the agency in subsequent fiscal years; Provided, That the use of these savings shall be limited to fifty percent (50%) to defray capital improvement projects or non-recurrent expenses. The remaining half shall be covered into the General Fund and the use thereof shall be determined through the approval of an act or joint resolution.

History —May 25, 2006, No. 103, § 15, eff. July 1, 2006.