General Municipal Law 861 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 860 Moneys of the agency up TITLE 1 Agencies, Organization and Powers next SECTION 862 Restrictions on funds of the agency Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 861 Notification of budget General Municipal (GMU) CHAPTER 24, ARTICLE 18-A, TITLE 1 § 861. Notification of budget. Each agency shall mail or deliver to the chief executive officer and the governing body of the municipality for whose benefit the agency was established and make available for public inspection and comment its proposed budget for the forthcoming fiscal year, no later than twenty business days before adoption. At such time, the agency shall file its proposed budget with the clerk of the municipality for whose benefit the agency was established. Such proposed budget shall contain detailed estimates in writing of the amount of revenues to be received and expenditures to be made during the forth coming fiscal year. Following its consideration of the comments received, the agency may revise its budget accordingly and shall file the revised budget with the clerk of the municipality.