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i <br /> SECTION 13. CAPITAL IMPROVEMENTS. The sum of Eighteen Million One <br /> Hundred Seventy Thousand dollars ($18,170,000) is hereby appropriated from the <br /> Series 2012 Bond Project Fund and Port Reserve Fund in connection with capital <br /> improvements for the Port of Redwood City during the Fiscal Year July 1, 2012 - June <br /> 30, 2013, and this expenditure of said sum for the purpose stated is authorized. <br /> SECTION 14. RESERVE FUNDING. The sum remaining in the general Port <br /> funds as of June 30, 2012, less a prudent amount to be retained in the general Port <br /> funds, is hereby appropriated from General Fund to Reserve Fund in connection with <br /> contingent expenditure for the operation and/or capital improvement of the Port of <br /> Redwood City during the Fiscal Year July 1, 2012 - June 30, 2013, and the <br /> expenditure of said sum and for the purpose stated is authorized. <br /> SECTION 15. TRANSFER,ADDITIONAL APPROPRIATIONS,CANCELLATIONS. <br /> The Board of Port Commissioners may consent to the transfer of sums from <br /> an appropriated operating expense line item to any other appropriated operating <br /> expense line item within each Section. Transfers in excess of $25,000 per operating <br /> expense 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 /> PORC/ch/Ord/bdgtordFY2013 6 Of 7 <br /> - �z::._. <br />