Outside Section 29
(a) Notwithstanding any general or special law to the contrary, the secretary of administration and finance may authorize the transfer of funds from any item of appropriation for any executive branch agency to any other item of appropriation for that agency or within its executive office. No transfer authorized by this section shall exceed 5 per cent of the amount appropriated for an item. The transfer may be made only with the written approval of the heads of the sending and receiving agencies and of the secretary of their executive office.
(b) Before making any transfer authorized by this section, the secretary of administration and finance shall submit a transfer schedule to the house and senate committees on ways and means. The schedule shall include the following: (1) the amount of money transferred from one item of appropriation to another; (2) the reason for the transfer; and (3) the date on which the transfer is to be completed.
This section allows the Secretary of Administration and Finance to transfer funds between accounts within a department, or within a secretariat, in the Executive Branch, not to exceed 5% per account., with the approval of the sending and receiving agency heads and their Secretary. Transferring funds will allow agencies to maximize efficiencies, offset unforeseen deficiencies, and better manage their operations. This authorization has previously existed for the Judiciary and the Legislature.
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