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Management will deposit the series 2010B proceeds into the state's general fund to fund fiscal 2010 appropriated expenditures.
The state is absorbing higher spending needs prompted by the end of federal stimulus support, with appropriated expenditures rising 5.
The new financial system is designed to manage annual general fund appropriated expenditures across the Army, National Guard and Army Reserves.
The GFEBS solution will be based on commercial-off-the-shelf software from SAP to manage $100 billion in annual appropriated expenditures across the active Army, National Guard and Army Reserves.
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