At least one hundred and twenty days before the end of the fiscal year, the City Planning Commission shall prepare and submit to the Mayor a recommended capital program for the six fiscal years next ensuing and a recommended capital budget for the ensuing fiscal year.

ANNOTATION

Sources: New York City Charter, 1938, Section 218; Model City Charter (1941) Section 127.

Purposes: 1. The capital program and capital budget are vital steps in planned city development. For that reason their initial preparation is a function of the City Planning Commission.

2. For the relationship between capital program and budget legislation and the recommendations of the City Planning Commission see Sections 2-303 and 4-604.