New York Laws
Title 28 - New York State Olympic Regional Development Authority
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.