C-1. Except as specified in this subsection, funds that |
are not expended at the end of a fiscal year do not lapse |
but must be carried forward to be expended for the |
purposes specified in this section in succeeding fiscal |
years; but, with the exception of funds carried forward |
from fiscal year 1996-97 to fiscal year 1997-98 and with |
the exception of funds carried forward at the end of |
fiscal year 2000-01 and fiscal year 2001-02 for use in the |
following fiscal year, unexpended funds in excess of 10% |
of the total annual assessment authorized in this section |
must, at the option of the Public Advocate, either be |
presented to the Legislature in accordance with paragraph |
A for reallocation and expenditure or used to reduce the |
utility assessment in the following fiscal year. In the |
case of funds carried forward from fiscal year 1996-97 to |
fiscal year 1997-98 and funds carried forward from fiscal |
year 2000-01 and fiscal year 2001-02 for use in the |
following fiscal year, 100% of these funds may be expended |
for the purposes specified in this section. |