b) The Comptroller may transfer money between accounts within a fund held by the State Treasurer or may transfer money from one account in a fund held by the State Treasurer to another account in a different fund held by the State Treasurer without issuance of a warrant, if:

1. 1) the Comptroller has received a properly completed voucher requesting payment from an account within a fund held by the State Treasurer;
2. 2) an available balance exists in the fund from which the money is to be transferred;
3. 3) for appropriated accounts, an unexpended balance exists in the appropriation account;
4. 4) the transfer involves one or more State agencies exclusively;
5. 5) the Treasurer approves the transfer; and
6. 6) the transfer is otherwise pursuant to law and authorized.

c) In determining when to use a new application of the transfer authority the Comptroller shall consider the following criteria:

1. 1) federal statute or regulation and state statute or regulation requiring or encouraging the use of transfers;
2. 2) the amounts of the transfers;
3. 3) the frequency of the transfers;
4. 4) the ability of the one or more State agencies administering the account to which the money is credited to properly account for the transfer;
5. 5) the fiscal savings to the State resulting from the transfer;
6. 6) the added efficiency and security to the State's fiscal operations resulting from the transfer; and
7. 7) reduction in paperwork and processing time.