§ 373. Capital program.

273 words·~1 min read·/ny/county/finance/373

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§ 373. Capital program. 1. Where the board of supervisors of a county,

by action taken pursuant to section three hundred seventy-six, provides

that this section shall apply to such county, the budget officer shall

cause to be prepared for inclusion in the tentative budget a recommended

capital program covering capital projects, if any, to be acquired or

constructed during the ensuing fiscal year. Such program shall be

arranged in such manner as to set forth clearly:

(a)The estimated expenditures for each capital project for the

ensuing fiscal year and in the case of a capital project not to be

completed during the ensuing fiscal year, the estimated amount to be

expended therefor after the close of such year; and

(b)The proposed method of financing such capital program, separately

indicating the amount of each project proposed to be financed by direct

budgetary appropriation and the amount of each project proposed to be

financed by the issuance of obligations, showing the proposed types of

obligations together with the periods for which they are proposed to be

issued.

2. There shall be included in the budget message, if any, a general

summary showing the capital requirements for the ensuing fiscal year and

such comments and recommendations with respect to the capital program as

the budget officer may deem advisable.

3. At any time after the adoption of the budget the board of

supervisors by the affirmative vote of two-thirds of its total

membership may amend the capital program contained therein by adding,

modifying or abandoning projects. No capital project shall be authorized

or undertaken unless included in the budget as adopted or amended.