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i <br /> Supersedes IGR 06-209 and Inconsistent Prior Written Statements <br /> APPROPRIATION TRANSFERS (G.L, c. 44, § 3313) <br /> B. APPROPRIATION TRANSFERS IN TOWNS <br /> 1. General Procedure: <br /> At any time during the fiscal year, a town meeting may by majority vote transfer any amount <br /> from any appropriation to any other municipal use authorized by law. <br /> 2. Alternative Year-end Procedure: <br /> During May and June, and the first 15-days of July of the new fiscal year, the selectboard, with <br /> the agreement of the finance committee, may transfer any amount from a departmental or other <br /> appropriation to any other appropriation.This procedure,may not be used, however, to transfer <br /> funds from a municipal light or school department budget. <br /> An end-of-year transfer using this alternative procedure requires a majority vote of the <br /> selectboard and a majority vote of the finance committee. <br /> Any end-of-year transfer from the municipal light or school department budget requires town <br /> meeting approval. See Section B-1 above. <br /> Page 2 of 2 <br />