Notwithstanding any other law, the board may transfer any funds within the State School Building Aid Fund that are in excess of the amounts needed by the board for the maintenance of portable buildings or for the purchase of new portable buildings, for that fiscal year, to any of the following, as appropriate:
(a) The 1998 State School Facilities Fund for allocation by the board for any purpose authorized pursuant to that fund.
(b) The 2002 State School Facilities Fund for allocation by the board for any purpose authorized pursuant to that fund.
(c) The 2004 State School Facilities Fund for allocation by the board for any purpose authorized pursuant to that fund.