Unless otherwise provided by public general law, all unexpended and unencumbered appropriations in the current expense budget remaining at the end of the fiscal year shall lapse into the County treasury. No appropriation for a capital project in the capital budget shall lapse until the purpose for which the appropriation was made has been accomplished or abandoned. Unless an exception is authorized for the project by ordinance of the County Council, a capital project shall be deemed to be abandoned if three fiscal years elapsed without a construction contract being awarded for the construction phase of the capital project. The balances remaining to the credit of the completed or abandoned capital projects shall be available for appropriation in subsequent capital budgets.
(Bill No. 73-82)