Section 6115-B - Capital budget(a) At least ninety (90) days before commencement of the ensuing fiscal year of the district, the board shall cause to be prepared and submitted to it a recommended capital budget. The capital budget shall show in detail the capital expenditures to be made or incurred in the next fiscal year which are to be financed from funds subject to control or appropriation by the board. No later than the date of the adoption of the annual operating budget, the board shall, by a majority vote of its members, adopt a capital budget. A capital development agreement shall be executed with each regional asset for each capital project of the asset financed or supported by the district.(b) At least one per centum (1%) of the funds made available to the district by taxes levied within the county shall be made available for capital projects undertaken within regional parks located within the boundaries of the city, and at least one per centum (1%) of the funds made available to the district shall be made available for capital projects undertaken within regional parks located within the county but outside of the city.(c) The board shall conduct public hearings and meetings regarding capital budget requests of regional assets and the proposed annual capital budget of the district.1953, July 28, P.L. 723, No. 230, art. XXXI-B, § 3115-B, added 1993, Dec. 22, P.L. 529, No. 77, § 2, effective in 60 days.