§ 143C-1-2. Appropriations: constitutional requirement; reversions. - North Carolina Statutes

§ 143C‑1‑2. Appropriations: constitutional requirement; reversions.

(a)        AppropriationRequired to Withdraw State Funds From the State Treasury. – In accordance withSection 7 of Article V of the North Carolina Constitution, no money shall bedrawn from the State treasury but in consequence of appropriations made by law.A law enacted by the General Assembly that authorizes the expenditure of moneyfrom the State treasury is an appropriation; however, an enactment by theGeneral Assembly that authorizes, specifies, or otherwise provides that fundsmay be used for a particular purpose is not an appropriation.

(b)        Reversions. –Unless otherwise provided by law, at the end of the fiscal year the unexpended,unencumbered balance of an appropriation reverts to the fund from which theappropriation was made; except that (i) an appropriation to the GeneralAssembly shall not revert unless otherwise provided by the Legislative ServicesCommission, (ii) an appropriation for a capital improvement project shallrevert as provided by G.S. 143C‑8‑11, and (iii) an appropriationfor the implementation of information technology (IT) projects shall not revertuntil the project is implemented or abandoned. (2006‑203, s. 3.)