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7.B. - Page 4 <br /> incurred between July 1, 2014 and the date that the appropriations are adopted for Fiscal <br /> Year 2014-2015; to this end the Successor Agency appropriates 1/12 of the amounts that <br /> were appropriated for operating purposes in Fiscal Year 2013-2014 to each fund, to be <br /> effective July 1, 2014. Upon adoption of a budget for Fiscal Year 2014-2015 this <br /> appropriation shall be superseded. <br /> SECTION 4. Effective Date and Operative Date. This resolution shall be <br /> effective immediately upon adoption. <br /> * * * <br /> ATTY/RES0.2872/ADOPTING THE SUCCESSOR AGENCY BUDGET FOR FY 2013-14 <br /> REV: 06-10-13 VR <br /> Page 2 of 2 <br />