--%>

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 : What is an Investment Management

    Investment Management: It has two general definitions, one associating to advisory services and the other associated to corporate finance. In the initial instance, a financial advisor or services company gives inve

  • Q : What are Exempts Exempts : The state

    Exempts: The state employees exempt from civil service pursuant to the subdivision (e), (f), or (g) of Section 4 of Article VII of the California Constitution. Illustrations comprise department directors and some other gubernatorial appointees.

  • Q : What is Debt Service Debt Service : The

    Debt Service: The amount (sum) of money needed to pay interest on exceptional bonds and the principal of maturing bonds.

  • Q : Describe factors which common

    Describe some factors which common stockholders consider while deciding how much, if any, cash dividends they want from the corporation wherein they have invested? Common stockholders would assume the company's investment opportunity, their requ

  • Q : What is the cost of equity Intermediate

    Intermediate Finance   Always leave 4 decimals in the ($) numbers in your calculations (e.g. PMT = $10.8924) and, particularly, 6 decimals for interest rates (e.g. r = 0.078643 or 7.8643%). QUESTION 1:?Conlins Manufactu

  • Q : How do mergers influence communities

    How do mergers influence communities?While a locally controlled bank is merged into a bank headquartered elsewhere (an out-of-market merger), some of the apprehension regarding the institution's future commitment to the local community is bound

  • Q : Excess reserves Normal 0 false false

    Normal 0 false false

  • Q : Explain Unscheduled Reimbursements

    Unscheduled Reimbursements: The Reimbursements collected by an agency which were not budgeted and are accounted for by an individual reimbursement class of an appropriation. To expend unscheduled reimbursements, the budget revision sh

  • Q : Technological improvement of production

    Normal 0 false false

  • Q : Describe the P-E valuation method

    Describe the P/E valuation method. Under what conditions a stock should be valued by using this method?The P/E ratio denotes how much investors are keen to pay for each dollar of a stock's earnings. A high P/E ratio denotes that investors belie