§ 38. Expense of examination. The expenses of examining the accounts of any municipal corporation, industrial development agency, district, agency or activity shall be paid out of such appropriation as shall be made to carry the provisions of this article into effect.

Terms Used In N.Y. General Municipal Law 38

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
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