Bill > S1077

This bill approves local funds for the District of Columbia for fiscal year 2025, as outlined in the Fiscal Year 2025 Local Budget Act of 2024. * The total amount appropriated for operating expenses for the District of Columbia for fiscal year 2025 is limited to the estimates included in the Fiscal Year 2025 Local Budget Act of 2024, as amended, or the total revenues of the District of Columbia for that fiscal year. * The appropriated amount can be increased by proceeds from one-time transactions for emergency or unanticipated operating or capital needs, provided these increases are approved by local District law and comply with reserve requirements. * The Chief Financial Officer of the District of Columbia is responsible for ensuring these requirements are met, including apportioning funds, and is prohibited from reprogramming funds derived from bonds or notes issued for capital projects for operating expenses.