Section 28206 - Annual budget of authority(a)Budget.--Before March 1, 2004, for the fiscal year July 1, 2004, to June 30, 2005, and before October 15, 2005, and each October 15 thereafter, the authority shall adopt a budget by a majority of the board setting forth in reasonable detail the projected expenses of operation of the authority for the ensuing fiscal year, including the salary and benefits of the executive director and any other employees of the authority, and the projected revenues of the authority to be derived from investment earnings and any other moneys of the authority which are estimated to be available to pay the operating expenses set forth in the budget. A copy of the authority's budget shall be submitted to the Governor and to the General Assembly. The authority or its designated representatives may be afforded an opportunity to appear before the Governor and the Appropriations Committee of the Senate and the Appropriations Committee of the House of Representatives regarding the authority's budget.(b)Limit on operating expenses.--Following the submission of the authority's budget to the Governor and the General Assembly and any hearing held by an appropriations committee under subsection (a), the General Assembly, by concurrent resolution with presentment to the Governor, in accordance with section 9 of Article III of the Constitution of Pennsylvania, may limit the operating expenses of the authority. In that event, it shall be unlawful for the authority to spend more for operating expenses than the limit established for that fiscal year by the concurrent resolution. If the General Assembly does not adopt a concurrent resolution prior to May 30, the authority's budget shall be deemed approved for that fiscal year.(c)Funding.--After July 1, 2005, upon request of the authority and pursuant to the limits established in subsection (b), the city shall annually fund any portion of the budget of the authority which exceeds the authority's State appropriation, including its reasonable and necessary expenses and costs incurred for consultants engaged by the board to carry out its duties.(d)Examination of books.--The chairperson and minority chairperson of the Appropriations Committee of the Senate and the chairperson and minority chairperson of the Appropriations Committee of the House of Representatives shall have the right at any time to examine the books, accounts and records of the authority. 2004, Feb. 12, P.L. 73, No. 11, § 206, imd. effective.