Section 3956. County fiscal year two thousand five budget modification and four-year financial plan

1. Not later than October first, two  thousand  five,  the  county  executive,  upon  approval by the legislature, shall
  submit to  the  authority  a  budget  modification  and  financial  plan
  consistent  with  the  financial  plan requirements contained in section
  thirty-eight hundred fifty-seven of this article  which  may  reflect  a
  declaration  of  need  as  provided  for  in section thirty-nine hundred
  sixty-one of this title; provided, however, in county  fiscal  year  two
  thousand  five  such  declaration  of  need shall not exceed one hundred
  twenty-five million dollars in ECFSA assistance as defined in  paragraph
  (a)  of  subdivision  twelve of section thirty-nine hundred fifty-one of
  this title. The plan shall cover the county's two thousand  five  fiscal
  year and the three subsequent fiscal years.
    2.  Not  later  than fifteen days after such submission, the authority
  shall approve or disapprove the financial plan.
    3. In the event the authority shall  disapprove  such  financial  plan
  based  on  disapproval  of certain actions or assumptions, the authority
  shall promptly thereafter notify the county executive and legislature of
  its reasons. Within fifteen days from the receipt of  such  notification
  the county executive, upon the approval of the legislature, shall modify
  the  financial plan. If the county fails to make such modifications, the
  authority shall adopt a resolution so finding.