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such a question, why Mr. Case could never sell any of their
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2
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bonds; but there is always the possibility of a technical
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3
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default because of an error in estimating or because such
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4
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appropriations are not available. I think it's just another
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5
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safeguard for the bond holder to have a provision that says
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in any case where such appropriations are not available for
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7
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debt service, the Comptroller should withhold the first
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8
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proceeds from the general fund of the State and placing it
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aside for that debt service on a legally incurred debt.
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Now, I am a firm believer in comprehensive bud-
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geting. I wish Mr. Rennie were here. I hope he will
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comment to me later on this. It seems to me that at the
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time the Governor and the legislature consider appropriatioi
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they must have a true picture of all monies available to th
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15
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State. This allows them to make more intelligent decisions
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on State programs and policies.
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In order to obtain flexibility, public administra-
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tors, and 1 am one of them, are continually chipping away
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at this system to receive authority to spend funds other
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20
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than those appropriated. For example, Federal grants
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authorized after the budget has been passed are commonly
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