N.Y. Facilities Development Corporation Act 359/68 § 11: General fiscal requirements relating to the corporation

§ 11. General fiscal requirements relating to the corporation. 1. The

chairman of the corporation shall annually, at such time as the governor

may request, prepare and submit to the governor and the director of the

budget, on behalf of the directors of the corporation, an itemized

budget request and any additional information required setting forth

financial needs by programs for the administration of the corporation

during the next succeeding state fiscal year including information as to

the payment or provision for payment of obligations of the corporation

expected to be required during such year under the terms of all leases,

subleases and agreements expected to be undertaken by the corporation.

The governor shall annually submit his recommended budget for the

administration of the corporation to the legislature. The legislature

shall act on such request and make appropriations for all administrative

expenses of the corporation.

2. The comptroller, or his legally authorized representative, is

hereby authorized and empowered from time to time to examine the books

and accounts of the corporation, including its receipts and

disbursements and any other matters relating to its financial standing.

Such an examination shall be conducted by the comptroller at least once

every five years; the comptroller is authorized, however, to accept from

the corporation, in lieu of such examination, an external examination of

its books and accounts made at the request of the corporation.