Money may not be transferred from one fund to another except by resolution of a county or municipal governing body unless the transfer is:

1. (1) previously authorized by a budget resolution;
2. (2) provided for by 7-6-614;

3. (3) made in the usual course of county or municipal business for:

   1. (a) school transfers;
   2. (b) tax increment finance districts;
   3. (c) specialized tax situations;
   4. (d) the purpose of distributing refunds, protested taxes, or interest charges for interest in lieu of registered warrants;
   5. (e) bond sinking fund transfers;
   6. (f) residual equity transfers;
   7. (g) transfers of investments; or
   8. (h) corrections of errors; or
4. (4) otherwise authorized by statute.

History: En. Sec. 5, Ch. 278, L. 2001.