(a) For the purpose of this chapter, relating to the appropriation and disbursement of funds:(1) The fiscal year of the state commences on July 1 and ends on June 30 of the following year; and(2) The biennial period, or “biennium”, commences on July 1 following the adjournment of the regular session of the General Assembly and ends on June 30 two (2) years thereafter.
(1) The fiscal year of the state commences on July 1 and ends on June 30 of the following year; and
(2) The biennial period, or “biennium”, commences on July 1 following the adjournment of the regular session of the General Assembly and ends on June 30 two (2) years thereafter.
(b) (1) The definition of the fiscal year, for the purposes of this chapter, does not affect special appropriations when no fiscal period is defined in the act making the special appropriation or affect the bond year for other fiscal transactions.(2) (A) In the case of a special appropriation in which the emergency clause has been adopted by the General Assembly and when no period of time is mentioned in the act making the appropriation, the appropriation is available for a two-year period from and after the effective date of the act.(B) In the case of a special appropriation in which the emergency clause has not been adopted and when no period of time is mentioned in the act making the appropriation, the appropriation becomes available ninety (90) days after the adjournment of the General Assembly. The appropriation is available for a two-year period from and after the date the appropriation became available.
(1) The definition of the fiscal year, for the purposes of this chapter, does not affect special appropriations when no fiscal period is defined in the act making the special appropriation or affect the bond year for other fiscal transactions.
(2) (A) In the case of a special appropriation in which the emergency clause has been adopted by the General Assembly and when no period of time is mentioned in the act making the appropriation, the appropriation is available for a two-year period from and after the effective date of the act.(B) In the case of a special appropriation in which the emergency clause has not been adopted and when no period of time is mentioned in the act making the appropriation, the appropriation becomes available ninety (90) days after the adjournment of the General Assembly. The appropriation is available for a two-year period from and after the date the appropriation became available.
(A) In the case of a special appropriation in which the emergency clause has been adopted by the General Assembly and when no period of time is mentioned in the act making the appropriation, the appropriation is available for a two-year period from and after the effective date of the act.
(B) In the case of a special appropriation in which the emergency clause has not been adopted and when no period of time is mentioned in the act making the appropriation, the appropriation becomes available ninety (90) days after the adjournment of the General Assembly. The appropriation is available for a two-year period from and after the date the appropriation became available.