§ 303. State appropriation. No moneys shall be expended for the state share of any municipal project unless and until the project has been approved by the commissioner and unless and until such project shall have been recommended by the governor in a budget bill which specifies the project to be acquired, constructed, reconstructed or improved, the estimated project cost, the estimated federal assistance to be received and the estimated state and local shares of the project cost to be required during the state fiscal year for which the appropriation is recommended and shall have been approved by the legislature for such state fiscal year.

Terms Used In N.Y. Transportation Law 303

  • 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
  • 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.
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