Procedure To Transfer Funds

Money may not be transferred from one fund to another except by resolution of a county or municipal governing body unless the transfer is: (1) previously authorized by a budget resolution; (2) provided for by 7-6-614; (3) made in the usual course of county or municipal business for: (a) school transfers; (b) tax increment finance districts; (c) specialized tax situations; (d) the purpose of distributing refunds, protested taxes, or interest charges for interest in lieu of registered warrants; (e) bond sinking fund transfers; (f) residual equity transfers; (g) transfers of investments; or (h) corrections of errors; or (4) otherwise authorized by statute.