New York Laws
Title 3 - Erie County Fiscal Stability Authority
3956 - County Fiscal Year Two Thousand Five Budget Modification and Four-Year Financial Plan.

§ 3956. County fiscal year two thousand five budget modification and
four-year financial plan. 1. Not later than October first, two thousand
five, the county executive, upon approval by the legislature, shall
submit to the authority a budget modification and financial plan
consistent with the financial plan requirements contained in section
thirty-eight hundred fifty-seven of this article which may reflect a
declaration of need as provided for in section thirty-nine hundred
sixty-one of this title; provided, however, in county fiscal year two
thousand five such declaration of need shall not exceed one hundred
twenty-five million dollars in ECFSA assistance as defined in paragraph
(a) of subdivision twelve of section thirty-nine hundred fifty-one of
this title. The plan shall cover the county's two thousand five fiscal
year and the three subsequent fiscal years.

2. Not later than fifteen days after such submission, the authority
shall approve or disapprove the financial plan.

3. In the event the authority shall disapprove such financial plan
based on disapproval of certain actions or assumptions, the authority
shall promptly thereafter notify the county executive and legislature of
its reasons. Within fifteen days from the receipt of such notification
the county executive, upon the approval of the legislature, shall modify
the financial plan. If the county fails to make such modifications, the
authority shall adopt a resolution so finding.