divert funds

See: defalcate
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Shadow chancellor George Osborne said: "This extraordinary leak from the Treasury shows that Gordon Brown has got his Olympic sums so wrong that he is having to divert funds earmarked for helping the most vulnerable.
UK chancellor Gordon Brown said it would divert funds from existing aviation taxes, but airlines operating in France may face extra charges.
Health minister Jacqui Smith said: "Unrestricted prescribing might divert funds from other NHS priorities.
This could have been pointed out when I called the RGT and explained why I was going to divert funds to other greyhound charities.
According to the Religion News Service, the Jewish and Christian leaders warned that public schools are "under attack" citing budget cuts and the ongoing drive to divert funds to private school through vouchers.
They further feared the school board members would again find a way to divert funds for their pet projects.
Since estate tax rates can be as high as 55%, businesses can often thrive or fail based on their ability to pay taxes without having to divert funds from the business.
In addition, increased competition in some of General Mills' major product categories will require greater marketing investment, which will divert funds from debt reduction in the near term.
I WAS sitting reading my Record with a nice cup of tea when I read that Professor Phil Hanlon, a former adviser to the Scottish Executive, is urging the nHS to divert funds away from helping dying old people.
ISLAMABAD, April 20, 2010 (Balochistan Times): The National Assembly Standing committee for Local bodies and Rural Development, has recommended to Ministry of Local bodies, that all Parliamentarians should divert funds unutilized during previous year to future use.
ISLAMABAD, April 20, 2010 (Frontier Star): The National Assembly Standing committee for Local bodies and Rural Development, has recommended to Ministry of Local bodies, that all Parliamentarians should divert funds unutilized during previous year to future use.