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What is the State Lapse Period? When is the lapse period? How will these entries appear on the Payroll Certifications?

The State Lapse Period is a set time frame the state allows charges to the previous fiscal year state accounts. Changes to state accounts for the previous fiscal year may only be submitted during the lapse period. Currently, we have a two-month lapse period (July 1 - August 31) to process payroll changes for the previous fiscal year. These changes will appear on a separate Certification titled 'Previous Fiscal Year Certification'.