Section 4-7-39 - Transfer of remaining unobligated cash to property tax reduction fund--Condition.
4-7-39. Transfer of remaining unobligated cash to property tax reduction fund--Condition. The commissioner of the Bureau of Finance and Management shall transfer any unobligated cash remaining after the transfer into the budget reserve fund as required by § 4-7-32 into the property tax reduction fund if the amount in the property tax reduction fund does not exceed fifteen percent of the general fund appropriations in the General Appropriations Act for the previous fiscal year.
Source: SL 1998, ch 26, § 1; SL 2002, ch 28, § 1.