| *Sec. D-11. Calculation and transfer. Notwithstanding any other provision |
| of law, the State Budget Officer shall calculate the amount of |
| savings in Part B, section 1 that applies against each General |
| Fund account for all departments and agencies from savings |
| associated with postponing merit increases and shall transfer the |
| amounts by financial order upon the approval of the Governor. |
| These transfers are considered adjustments to appropriations in |
| fiscal years 2003-04 and 2004-05. The amounts transferred in |
| fiscal year 2004-05 must be adjusted to reflect all budgetary |
| actions approved by the Legislature such that the amounts |
| transferred do not exceed the net amount of budgeted savings in |
| fiscal year 2004-05. The State Budget Officer shall provide the |
| joint standing committee of the Legislature having jurisdiction |
| over appropriations and financial affairs a report of the |
| transferred amounts no later than January 15, 2005. |