§ 1.7-710. Lapse of Appropriations.
Every appropriation, except an appropriation for a capital expenditure, shall lapse at the close of the fiscal year to the extent it has not been expended or encumbered. An appropriation for a capital expenditure shall continue in force until the purpose for which it was ordained has been accomplished or abandoned. It shall be voided if three (3) years pass from the time of a planned expenditure without any disbursement from or encumbrance of the appropriation.
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