Ensuring Appropriate Bond Review
Mr. Joyce moved that the bill be amended by adding the following new section:-
SECTION XX. Appropriations made pursuant to sections 2, 2A, 2B and 2C shall be available for expenditure in the 3 fiscal years following June 30 of the calendar year in which the appropriation is made and any portion of such appropriation representing encumbrances outstanding on the records of the comptroller’s office at the close of the third fiscal year may be applied to the payment thereof any time thereafter. The unencumbered balance shall revert to the commonwealth at the close of the third fiscal year.