--%>

Describe Section 1.50

Section 1.50: It is a section of the Budget Act which

A) Identifies a certain style and format for the codes employed in the Budget Act,

B) Authorizes the Department of Finance to amend codes employed in the Budget Act in order to give compatibility with the Governor’s Budget and records of State Controller’s Office, and

C) Authorizes the Department of Finance to amend the schedule of an appropriation in the Budget Act for technical modifications which are consistent with legislative intent. Illustrations of such technical modifications to the schedule of an appropriation comprise the removal of amounts payable, the distribution of administration costs, distribution of unscheduled amounts to programs or class, and the augmentation of reimbursement amounts whenever the Legislature has accepted the budget for the department giving the reimbursement.

   Related Questions in Finance Basics

  • Q : Investment based question Normal 0

    Normal 0 false false

  • Q : Describe benefits of collecting early

    Describe benefits of "collecting early" and how do companies effort to do this? Money contains time value. The sooner cash is gathered, the better. Companies employ regional collection centres and lock boxes to facilitate this.

  • Q : Financial crisis of India during 1997 I

    I have to explain Financial crisis of India during 1997. Can someone help me in this question ?

  • Q : Explain Statewide Cost Allocation Plan

    Statewide Cost Allocation Plan (SWCAP): It is the amount of state administrative, General Fund costs (example, amounts expended by the central service departments like the State Personnel Board, State Treasurer’s Office, State C

  • Q : What is Appropriation Schedule

    Appropriation Schedule: The detail of an appropriation (example, in the Budget Act), exhibiting the distribution of the appropriation to each of the class, programs, or projects thereof.

  • Q : Describe the risk-return relationship

    Describe the risk-return relationship.The relationship among risk and required rate of return is term as the risk–return relationship.  This is a positive relationship since the more risk assumed, the higher the required rate of retur

  • Q : Basic determinant of transactions

    Normal 0 false false

  • Q : Explain the primary advantage of

    Explain the primary advantage to a corporation of investing some of its funds within working capital? Through investing in working capital a firm gets the liquidity it require helping it to pay its bills. Therefore the risk of the firm is reduce

  • Q : Selection of board of directors of

    How are the members of the board of directors of corporation selected and to whom do these board members owe their prime allegiance? Members of corporation's board of directors are chosen by the common stockholders and owe their allegiance to th

  • Q : What is Legislative Analysts Office

    Legislative Analyst’s Office (LAO): A non-partisan organization which gives advice to the Legislature on the fiscal and policy matters. For illustration, the LAO annually publishes a full analysis of the Governor's Budget and this document becom