| *Sec. D-11. Calculation and transfer. Notwithstanding any other provision |
of law, the State Budget Officer shall calculate the amount of |
savings in Part B, section 1 that applies against each General |
Fund account for all departments and agencies from savings |
associated with postponing merit increases and shall transfer the |
amounts by financial order upon the approval of the Governor. |
These transfers are considered adjustments to appropriations in |
fiscal years 2003-04 and 2004-05. The amounts transferred in |
fiscal year 2004-05 must be adjusted to reflect all budgetary |
actions approved by the Legislature such that the amounts |
transferred do not exceed the net amount of budgeted savings in |
fiscal year 2004-05. The State Budget Officer shall provide the |
joint standing committee of the Legislature having jurisdiction |
over appropriations and financial affairs a report of the |
transferred amounts no later than January 15, 2005. |