--%>
Assignment Help - homework help

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 Feasibility Study Report

    Feasibility Study Report (FSR): This is a document proposing an information technology project which contains analyses of options, cost estimates, and some other information.

    		•
  • Q : Recognizes and state the significance

    Normal 0 false false

  • Q : Question on level of free market wage

    In the year of 1996, the U.S. Congress raised the minimum wage from $4.25 per hour to $5.15 per hour. Some of the people suggested that a government subsidy could help employers finance the higher wage. Assume the supply of low-skilled labour is specified by

    		•
  • Q : Purchasing power parity of US and

    Under what condition would the U.S. dollar and the Canadian dollar said to be have achieved purchasing power parity? The U.S. dollar and the Canadian dollar would be assumed to have achieved purchasing power parity while the exchange rate reflec

    		•
  • Q : Meaning of weakens US dollar in

    What does it mean while the U.S. dollar weakens in the foreign exchange market? While the U.S. dollar weakens in the foreign exchange market one U.S. dollar purchase fewer units of another country's currency. It costs more U.S. dollars to purch

    		•
  • Q : Define Accrual Basis of Accounting

    Accrual Basis of Accounting: The foundation of accounting in which transactions are identified whenever they take place, regardless of when cash is disbursed or received. The revenue is recorded whenever earned, and expenses are recor

    		•
  • Q : Explain Section 26.00 Section 26.00 :

    Section 26.00: It is a Control Section of Budget Act which gives the authority for the transfer of funds from one class, program or function in a schedule to the other category, program or function in the similar schedule, subject to particular limita

    		•
  • Q : Describe the three financial factors

    Normal 0 false false

    		•
  • Q : Describe demand factor Normal 0 false

    Normal 0 false false

  • Q : Define the term year of Completion Year

    Year of Completion (YOC): This is the last fiscal year for which the appropriation is accessible for encumbrance or expenditure.

    		•