N.Y. Public Authorities Law § 1746: Audit, annual and quarterly reports

§ 1746. Audit, annual and quarterly reports. 1. Beginning in nineteen

hundred ninety and every year thereafter, the authority shall, within

one hundred twenty days of the end of the city's fiscal year, submit to

the governor, the temporary president of the senate, the speaker of the

assembly, the minority leader of the senate, the minority leader of the

assembly, the chairs of the senate and assembly education committees and

the chairs of the senate and assembly committees on corporations,

authorities and commissions, the chairman of the senate committee on

investigations, taxation, and government operations, the chairman of the

assembly committee on oversight, analysis, and investigations, the mayor

and the city board a report on its operations during such fiscal year.

An annual audit of the authority shall be conducted by an independent

certified public accountant, and the authority's independently audited

financial statements shall be included in this report.

2. Beginning in nineteen hundred ninety, and every year thereafter,

the authority shall, on the last day of April, July, October, and

January, submit to all persons set forth in subdivision one of this

section a report detailing the extent of completion of all projects for

construction, reconstruction, improvement, rehabilitation, maintenance,

repair, furnishing, equipping of or otherwise providing for educational

facilities for the city board, including, by project, identified

shortfalls in schedule performance and providing explanation for such

shortfalls. Such reports shall detail the extent of completion as

existed on the last day of the month preceding each report,

respectively.