Section 3000.3037 - Operating budget(a) At least ninety days before commencement of the ensuing fiscal year of the authority, the board shall cause to be prepared and submitted to it a recommended operating budget. The operating budget shall set forth the estimated receipts and revenues of the authority during the next fiscal year. The operating budget for the next fiscal year shall be adopted by the board at least thirty days before the end of the current fiscal year.(b) The money necessary to pay the administrative expenses of the authority during each fiscal year may be drawn from the Regional Destination Facilities Fund and the Regional Growth Fund. Any moneys so drawn shall be drawn from the funds in proportion to the amount of time and expense involved in administering each fund. The authority shall not use more than one per centum of the total revenues from the taxes imposed pursuant to sections 3051 through 3057 to pay the administrative expenses of the authority.(c) The board shall conduct public hearings and meetings regarding its operating budget.1955, August 9, P.L. 323, No. 130, § 3037, added 1997, June 18, P.L. 179, No. 18, § 4, imd. effective.