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(A) The Board of the Authority shall prepare and approve a budget for the operation of the Authority for the ensuing fiscal year, subject to the prior approval of the Village Council, in accordance with the Public Act 197 of 1975, § 28, M.C.L.A. §§ 125.1678.
(B) The budget shall generally contain the types of financial information included in village budgets.
(Ord. 02-10-03, passed 2-10-2003)