The unexpended balance of each appropriation, less the
commitments outstanding at the close of the fiscal year for which it was made, shall lapse at the close of such fiscal year; provided that nothing herein contained shall be construed to
require the lapsing of appropriations which may be or are
required to be made for an indefinite period or which include state refunds, allocations or grants applicable to said appropriations pursuant to any other provisions of law; and provided further that nothing herein shall be construed to prevent the making of appropriations or contracts for the construction of
permanent public improvements or works not to be completed during the fiscal year, or the acquisition of property therefor, or the establishment of bond or capital accounts, sinking funds or reserve funds, and each such appropriation, account or fund shall continue in force until the purpose for which it was made shall have been accomplished or shall have been abandoned by a two thirds vote of the County Legislature.
The
commitment is the first island - wide agreement of its kind according to WWF, which expects the agreement to be
permanent and to
require any development on the island to take into account maintenance of the ecosystem.
Because of the complexity of
permanent life insurance, as well as the financial
commitment required, it is important to work with a knowledgeable agent.