30-201. Administrative and operation budgets
A. The authority shall on or before September 30 each year adopt an administrative budget for the next succeeding fiscal year. The budget shall consist of an estimate of the expenditures that may be necessary to meet administrative requirements of the authority for the ensuing fiscal year. Economies resulting in remaining balances for any fiscal year shall be available for subsequent administration or operating purposes.
B. The authority shall also for each fiscal year prepare an operation budget covering operations and capital items.
C. The original budgets shall be filed with the department of administration and copies of the budgets with the governor and state treasurer.
D. The authority's budget and audit fiscal years shall be based on the federal fiscal year of October 1 through September 30.
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