SECTION 452

(1) Operating appropriations not committed by the close of the financial year shall be considered to have been cancelled. Investment appropriations shall be carried forward to the next budget. (2) The authorizing officer shall transmit expenditure validated but not scheduled for payment to the accounting officer for settlement. (3) The payment appropriations opened for a programme and available at the end of the year shall be carried forward for the same programme or failing this, for a programme with the same objective. Accordingly, the amount of the vote shall be transferred to an appropriation set up for that purpose in the budget. LEGISLATIVE AND STATUTORY AFFAIRS CARD INDEX SE