(a) A state agency shall accept the balance of compensatory time accrued under § 662.007 by a state employee who transfers to that agency from another state agency if the employee transfers as a direct result of the legislature’s transfer of legal authority or duties from the agency that formerly employed the employee to the agency that currently employs the employee.

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(b) Subsection (a) does not apply if the transferring state employee is required to apply for the new position.