The allotment reductions shall be determined and approved as follows:
(1)
The Executive Director, Budget and Management Division shall submit a listing of the proposed allotment reductions to the Governor by December 28, 1992 for review and approval.
(2)
The Governor may approve, modify, or disapprove the proposed allotment reductions.
(3)
The Budget and Management Division shall notify each agency by Advice of Budget Authorization of its approved allotment reductions by January 11, 1993.
(4)
Each agency shall submit a revised plan for obligation for each remaining allotment period on a Biennial Allotment Plan by January 31, 1993. Other Funds and Federal Funds savings may be authorized for allotment (rescheduled and reinvested) in the current biennium as long as the savings are used for program expenditures and not for administration.
(5)
The Budget and Management Division shall approve, modify, or disapprove the allotment plan for each agency.
(6)
The Budget and Management Division shall notify each agency of the action taken under section (5) of this rule through an Advice of Budget Authorization and certify the allotment reduction to the Executive Department Accounting Division.