N.Y. Public Authorities Law Section 3039
Review by the corporation

In order to determine whether the city has taken or is taking action to effect compliance with any conditions imposed pursuant to § 3038 (Conditions on extension of benefits to the city)section three thousand thirty-eight of this chapter, the corporation may from time to time conduct a review of the records, accounts, budgets, forecasts, projections and other relevant materials of the city. The corporation may conduct such review by using (i) its own employees, (ii) its agents, or

(iii)

any state employees provided to the corporation for such purpose. The city shall make available for such review all books and records, and shall furnish copies of all financial statements, budgets, forecasts, projections, information or corrective action taken by the city in response to any notices from the corporation and all information related to the foregoing, as requested by the persons conducting such review, and shall make its officers and employees available to and shall otherwise cooperate with such persons to permit such review to be completed as promptly as possible. * NB The corporation shall continue for a term ending the later of July 1, 2008 or one year after its liabilities have been fully paid and discharged per § 3033 sub 1.

Source: Section 3039 — Review by the corporation, https://www.­nysenate.­gov/legislation/laws/PBA/3039 (updated Sep. 22, 2014; accessed Apr. 27, 2024).

Green check means up to date. Up to date

Accessed:
Apr. 27, 2024

Last modified:
Sep. 22, 2014

§ 3039’s source at nysenate​.gov

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