Section 9.13. Reports

1.  For  the  purposes  of furnishing the state with
  systematic  information  regarding  its  status  and   activities,   the
  corporation  shall  submit  to  the  governor,  the  chairpersons of the
  assembly  ways  and  means  and  senate  finance  committees   and   the
  commissioner of taxation and finance within ninety days after the end of
  the  corporation's  fiscal  year, a complete and detailed report setting
  forth: (a) its operations and accomplishments; (b) an audited  statement
  by  an independent certified public accountant experienced in theatrical
  productions including its receipts and disbursements,  or  revenues  and
  expenses,  during such fiscal year in accordance with generally accepted
  accounting principles; and (c) its assets and liabilities at the end  of
  its fiscal year, including the status of reserve, special or other funds
  and including the receipts and payments of these funds.
    2.  The  corporation  shall  annually  submit a proposed budget to the
  director of the budget at the same time as budget requests are  required
  to  be submitted by state agencies.  The proposed budget shall contain a
  personal services budget, an operating budget, an equipment  budget  and
  an  estimate  of  revenues. In addition, the corporation shall submit an
  expenditure plan subject to the approval of the director of  the  budget
  prior  to  the  allocation  of  any appropriation. Such expenditure plan
  shall provide information on such funds and in such  detail  as  may  be
  required  by the director of the budget, and any subsequent amendment to
  such plan shall require the  prior  approval  of  the  director  of  the
  budget.