N.Y. Comp. Codes R. & Regs. tit. 2, § 203.4 – Submission of budgets and financial plans. | Midpage
§ 203.4
N.Y. Comp. Codes R. & Regs. tit. 2, § 203.4
Submission of budgets and financial plans.
Department of Audit and Control
(a) All public authorities shall prepare an annual budget and financial plan in accordance with this Part.
(b) The budget and financial plan, and all amendments or modifications thereto, shall be approved by the board prior to the start of the authority’s fiscal year in accordance with applicable statute.
(c) All proposed budgets and financial plans shall be made available for public inspection at least 30 days before consideration for approval by the board.
(d) All approved budgets and financial plans shall be made available for public inspection within seven days after approval by the board. Approved budgets and financial plans shall be submitted to the State Comptroller in accordance with applicable statute, in an electronic format prescribed by the State Comptroller.
(e) For purposes of making budgets and financial plans available for public inspection under subdivisions (c) and (d) of this section, the public authority shall post the budgets and financial plans on its website, and also provide copies for public inspection at its offices.