N.Y. Public Authorities Law § 2613: Appropriations by the park district

§ 2613. Appropriations by the park district. 1. On or before August

fifteenth, nineteen hundred eighty-one, and on each August fifteenth

thereafter, the chairman of the authority, for the approval by the park

district, shall make and deliver to the official designated by the park

district a budget for the operation of participating olympic facilities

by the authority for the forthcoming fiscal year of the state. The

budget shall delineate the total amount needed for authority purposes,

including the funds required by the authority for operation of the

participating olympic facilities pursuant to agreements made in

accordance with sections twenty-six hundred twelve and twenty-six

hundred fourteen of this title, the source of all funds that the

authority expects to receive and such other information as such official

of the park district shall require. The park district shall approve the

budget for the operation of participating olympic facilities by the

authority if the park district determines that the budget demonstrates

that the authority, without operating at a deficit, can continue in the

forthcoming fiscal year of the state in the exercise of its corporate

purposes, powers, duties and functions with the appropriations from the

state and the park district in the amounts determined in accordance with

sections twenty-six hundred twelve and twenty-six hundred fourteen of

this title and income received by the authority from other sources.

2. The park district may appropriate and provide to the authority an

amount of money determined in accordance with subparagraphs one and two

of paragraph (g) of subdivision two of section twenty-six hundred twelve

of this title. The park district shall notify the state director of the

budget not later than October first of each year whether or not it has

approved the budget, made an appropriation to the authority and if such

appropriation is made, the amount thereof.