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Fiscal provisions - 74 Pa. Cons. Stat. § 1751

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     § 1751.  Fiscal provisions.
        (a)  Fiscal year and budget.--The board shall establish a
     fiscal year for operations and a fiscal year for capital
     programs. At least 90 days prior to the beginning of the first
     full fiscal year after the creation of the authority and
     annually thereafter, the board shall cause to be prepared and
     submitted to it a tentative operating budget and a tentative
     capital budget for the ensuing fiscal year. The tentative
     budgets shall be considered by the board and, subject to any
     revision and amendments as may be determined, shall be adopted
     prior to the first day of the ensuing fiscal year as the budgets
     for that year. The board shall establish such rules as are
     necessary for proper observance of the budgets. Simultaneously
     with the adoption of the capital budget, the board shall adopt a
     tentative capital program covering the ensuing six years.
        (b)  Procedure.--A public hearing shall be conducted prior to
     the adoption of the final operating budget and tentative capital
     program. Notice of the public hearing shall be published in two
     newspapers of general circulation and a publication specifically
     designed to reach minorities not fewer than 30 days prior to the
     hearing.

Last modified: November 27, 2007