April 2, 1990

Opinion concerning whether a Professional Licensing Agency, which expended less than its appropriated amount, would be in compliance with Section 129.38 if the agency generated revenue in an amount equal to at least 115% of its expenditures but less than 115% of its appropriation, and whether the lapsed appropriation, or the amount of the appropriation not expended by the agency would be considered generated revenue.

Requested by: Margaret C. Stilwell, CPA, Deputy State Auditor

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