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MARVIN MANDEL, Governor 1115
OTHER AUTHORIZED GOVERNMENTAL AND PRIVATE AGENCIES,
ORGANIZATIONS, AND PERSONS DURING THE ENSUING SIX
YEARS OR SUCH OTHER REASONABLY FORSEEABLE PERIOD AS
THE COMMISSION MAY DETERMINE. THE WATER RESOURCES
PROGRAM SHALL INCLUDE A SYSTEMATIC PRESENTATION OF:
1. THE QUANTITY AND QUALITY OF WATER RESOURCES
NEEDS FOR SUCH PERIOD;
2. THE EXISTING AND PROPOSED PROJECTS AND
FACILITIES REQUIRED TO SATISFY SUCH NEEDS, INCLUDING
ALL PUBLIC AND PRIVATE PROJECTS TO BE ANTICIPATED; AND
3. A SEPARATE STATEMENT OF THE PROJECTS
PROPOSED TO BE UNDERTAKEN BY THE COMMISSION DURING
SUCH PERIOD.
14.3. ANNUAL CURRENT EXPENSE AND CAPITAL
BUDGETS. —
(A) THE COMMISSION SHALL ANNUALLY ADOPT A
CAPITAL BUDGET INCLUDING ALL CAPITAL PROJECTS IT
PROPOSES TO UNDERTAKE OR CONTINUE DURING THE BUDGET
PERIOD CONTAINING A STATEMENT OF THE ESTIMATED COST OF
EACH PROJECT AND THE METHOD OF FINANCING THEREOF.
(E) THE COMMISSION SHALL ANNUALLY ADOPT A
CURRENT EXPENSE BUDGET FOR EACH FISCAL YEAR. SUCH
BUDGET SHALL INCLUDE THE COMMISSION'S ESTIMATED
EXPENSES FOR ADMINISTRATION, OPERATION, MAINTENANCE,
AND REPAIRS, INCLUDING A SEPARATE STATEMENT THEREOF
FOR EACH PROJECT, TOGETHER WITH ITS COST ALLOCATION.
THE TOTAL OF SUCH EXPENSES SHALL BE BALANCED BY THE
COMMISSION'S ESTIMATED REVENUES FROM ALL SOURCES,
INCLUDING THE COST ALLOCATIONS UNDERTAKEN BY ANY OF
THE SIGNATORY PARTIES IN CONNECTION WITH ANY PROJECT.
FOLLOWING THE ADOPTION OF THE ANNUAL CURRENT EXPENSE
BUDGET BY THE COMMISSION, THE EXECUTIVE DIRECTOR OF
THE COMMISSION SHALL:
1. CERTIFY TO THE RESPECTIVE SIGNATORY PARTIES
THE AMOUNTS DUE IN ACCORDANCE WITH EXISTING COST
SHARING ESTABLISHED FOR EACH PROJECT; AND
2. TRANSMIT CERTIFIED COPIES OF SUCH BUDGET TO
THE PRINCIPAL BUDGET OFFICER OF THE RESPECTIVE
SIGNATORY PARTIES AT SUCH TIME AND IN SUCH MANNER AS
MAY BE REQUIRED UNDER THEIR RESPECTIVE BUDGETARY
PROCEDURES. THE AMOUNT REQUIRED TO BALANCE THE
CURRENT EXPENSE BUDGET IN ADDITION TO THE AGGREGATE
AMOUNT OF ITEM 1 ABOVE AND ALL OTHER REVENUES
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