Laws of New York (Last Updated: November 21, 2014)

Section 111. Lapse of appropriations

Latest version.

Each appropriation to the extent that
  it shall not have been expended or obligated, shall lapse at  the  close
  of  the  fiscal  year for which made, except that an appropriation for a
  capital project shall continue in force until the purposes for which  it
  was made shall have been accomplished or abandoned.

                    
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