The Director, Department of Planning and Budget, shall adjust agency and project appropriations in §§2-5 through 2-43 of this act, other than Item C-71 herein, as may be necessary and convenient to defer expenditures for the purchase of new equipment for the several general fund supported capital projects included therein. In so doing, the Director shall have regard for the project schedules and expenditure plans of each agency so as to further the objectives of the capital project appropriation. The Director may transfer these adjustments from the first year to the second year as may be necessary, and shall recommend to the Governor and General Assembly a plan for funding necessary equipment purchases for the affected projects during the 1999 or subsequent Sessions of the General Assembly.