. Parks and parkways in the Borough of the Bronx, New York City . artmental estimate is submitted to the Board of Estimateand Apportionment, and referred by them to the Comptroller, who isthe Chairman of the Budget Committee. The Comptroller takes thisestimate under consideration, and, after a personal conference betweenhis Examiners and officials of this department, a decision is reached asto the appropriations to be granted. When the report of the Chairmanof the Budget Committee is submitted to the Board of Estimate andApportionment, public hearings are held, after which the Board actsupon a
. Parks and parkways in the Borough of the Bronx, New York City . artmental estimate is submitted to the Board of Estimateand Apportionment, and referred by them to the Comptroller, who isthe Chairman of the Budget Committee. The Comptroller takes thisestimate under consideration, and, after a personal conference betweenhis Examiners and officials of this department, a decision is reached asto the appropriations to be granted. When the report of the Chairmanof the Budget Committee is submitted to the Board of Estimate andApportionment, public hearings are held, after which the Board actsupon and passes the budget. It is then submitted to the Board of Alder-men, which has the power to decrease, but not to increase it. After actionby the Board of Aldermen, the budget is returned to the Board of Esti-mate and Apportionment for approval and certification. Special Revenue Bonds.—The request of the department forspecial revenue bonds for improvements not covered by the budget, issubmitted to the Board of Aldermen, and, if the request meets with their 62. approval, they adopt a resolution authorizing the issuance of specialrevenue bonds, and forward this resolution to the Board of Estimateand Apportionment for consideration, and, if approved by them, theresolution, as adopted, is transmitted to this department, and the fundsare then available. Revenue so obtained is used for the same purposesas that granted for the budget. Corporate Stock.—Requests for corporate stock authorizations, forspecific purposes, namely the construction of new roadways, buildings,etc., are transmitted to the Board of Estimate and Apportionment, and,if the requests are approved by them, a resolution is adopted requestingthe Board of Aldermen to approve the issuance of corporate stock inthe amount required. After its approval by the Board of Aldermen,the resolution is transmitted to this department, and the funds are thenavailable. Revenue so obtained must be spent only for improvementsof a perm
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