(A) At the time of making the annual appropriation bill, the Mayor and Council may, if notice shall have been given in the annual estimate or yearly budget, reappropriate any unexpended balance in any fund mentioned in § 35.01 for the use of some other fund if there be no outstanding bonds, warrants, or claims against such fund whose unexpended balance or portion thereof is sought to be reappropriated.
(B) No sinking funds or interest funds on outstanding bonds or moneys in any fund required to meet depreciation, replacements or betterments reasonably contemplated shall ever be reappropriated. In the event that no reappropriation of funds is authorized, unexpended balances shall be carried forward and placed to the credit of the funds to which they belong when the books of the Treasurer are opened at the commencement of each fiscal year on October 1.
(Prior Code, § 35.23)