N.Y. Parks, Recreation and Historic Preservation Law 17.03 – Allocation of monies
§ 17.03 Allocation of monies. The monies received by the state from the sale of bonds sold pursuant to the outdoor recreation development bond act shall be expended pursuant to appropriations for (1) marine, (2) park, (3) historic site and (4) forest recreation projects, and for (5) municipal park projects in New York city and (6) municipal park projects outside New York City. The director of the budget shall certify to the state comptroller on the first day of April of each year that portion of the outdoor recreation development bond act authorization estimated to be expended in the ensuing fiscal year for each of the above purposes in fulfillment of capital construction development appropriations, and proceeds of the sale of outdoor recreation development bonds shall be so allocated. Such certification may be amended from time to time by the director of the budget. The director of the budget shall file a copy of such certificate and each amendment thereof with the chairman of the senate finance committee, and the chairman of the assembly ways and means committee.
Terms Used In N.Y. Parks, Recreation and Historic Preservation Law 17.03
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.