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contingent expenditure for the operation, administration, and/or capital improvement <br />program of the Port of Redwood City during the Fiscal Year July 1, 2018 - June 30, <br />2019, and the expenditure of said sum and for the purpose stated is authorized. <br />SECTION 12. TRANSFER, ADDITIONAL APPROPRIATIONS, CANCELLATIONS. <br />The Board of Port Commissioners may consent to the transfer of sums from an <br />appropriated operating expense line item to any other appropriated operating expense <br />line item within each Section. Transfers in excess of $25,000 per operating expense <br />line item shall be by Resolution. <br />The Board of Port Commissioners may, by Resolution, transfer appropriated <br />sums from one Section to another, authorize additional appropriations, and cancel <br />previously authorized appropriations. <br />SECTION 13. EFFECTIVE DATE. This ordinance shall be effective thirty (30) <br />days after its adoption and shall be operative as of July 1, 2018. <br />k,k �k:e*� kik �at�r k* kk9r-k Fir <br />Port/rs <br />Ord/ 05/09/18 5 of 6 Ord P-275 <br />