- Alaska Statutes.
- Title 37. Public Finance
- Chapter 25. Appropriations
- Section 10. Unexpended Balances of One-Year Appropriations.
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. Unexpended Balances of Appropriation For Capital Projects.
AS 37.25.010. Unexpended Balances of One-Year Appropriations.
- (a) The unexpended balance of a one-year appropriation authorized in an appropriation bill lapses on June 30 of the fiscal
year for which appropriated. However, a valid obligation (encumbrance) existing on June 30 is automatically
reappropriated for the fiscal year beginning on the succeeding July 1 if it is recorded with the Department of
Administration by August 31 of the succeeding fiscal year.
- (b) A valid approved claim arising from a prior year for which the appropriation has lapsed shall be paid from the current
year's appropriations if this claim does not exceed the balance lapsed.
- (c) University receipts received on or before June 30 of a fiscal year in excess of the amount expended for that year may
be expended in the succeeding fiscal year if an appropriation of university receipts has been made for the succeeding
fiscal year. The amount of university receipts expended in a fiscal year may not exceed the amount of university
receipts appropriated for that year.
- (d) The University of Alaska shall, in the report required under AS 14.40.190, report the amount of university receipts
received in one year and expended in the succeeding fiscal year.
- (e) In this section, "university receipts" has the meaning given in AS 14.40.491.
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