N.Y. Pub. Auth. Law § 3958

Current through 2024 NY Law Chapter 553

Section 3958 - Advisory period

1. During any advisory period the authority shall:

(a) obtain from the county, the covered organizations and the state comptroller, all information, financial statements and projections, budgetary data and information, and management reports and materials as the authority deems necessary or desirable to accomplish the purposes of this title; and inspect, copy and audit such books and records of the county and the covered organizations as the authority deems necessary or desirable to accomplish the purposes of this title;

(b) review the operation, management, efficiency and productivity of county operations and of any covered organization's operations as the authority may determine, and make reports and recommendations thereon; examine the potential to enhance the revenue of the county or any covered organization; audit compliance with the financial plan in such areas as the authority may determine; recommend to the county and the covered organizations such measures relating to their operations, management, efficiency and productivity as the authority deems appropriate to reduce costs, enhance revenue and improve services so as to advance the purposes of this title;

(c) consult with the county in the preparation of the budget of the county, comment on the provisions of the budget, the financial plan and the financial plan modifications of the county as the authority deems necessary or appropriate;

(d) review and comment on the terms of any proposed borrowing, including the prudence of each proposed issuance of bonds or notes to be issued by the county or any covered organization; and

(e) assess the impact of any collective bargaining agreement to be entered into by the county and such contracts, that, in the judgment of the authority, may have a significant impact on the county's long-term fiscal condition.

2. During any advisory period, the county shall promptly provide all information requested by the authority, review the comments, assessments, reports and recommendations of the authority and publicly respond thereto, addressing such matters as have been raised by the authority.

N.Y. Pub. Auth. Law § 3958