SECTION 413

(1) Appropriation transfers may, during the financial year, modify the distribution of budget appropriations between programmes. (2) The cumulative amount of appropriation transfers made during the same financial year may not exceed 2% of the appropriations opened for each of the programmes concerned. Payment appropriation transfers to investment expenditure may not lead to an increase in commitment authorizations. They shall be carried out by order of the Chief Executive of the local authority. (3) Transfer orders shall immediately be notified to the deliberative organ for information.