Section 3
SECTION 3. The fiscal year which begins on July first, nineteen hundred and seventy-five and ends on June thirtieth, nineteen hundred and seventy-six is hereby extended to include the six-month period from July first to December thirty-first, nineteen hundred and seventy-six. Appropriate budgetary provision for minimum essential operating requirements for the said six-month period shall be made by proper authorities concerned. Provided, That such provision shall not exceed fifty per cent (50%) of the programmed or actual current operating expenditures of the agency or entity for the immediately preceding twelve-month period. Provided, Further, that the current and capital requirements for the said six-month period shall be submitted to the Development Budget Coordination Committee (DBCC) not later than March 31, 1976, for its approval. Accounting and financial records, reports, and statements shall accordingly be rendered to reflect the extended coverage of the immediately preceding fiscal period.