Section 54.13. Moneys of the trust  


Latest version.
  • 1.  The  head of the division of the
      treasury in  the  department  of  taxation  and  finance  shall  be  the
      custodian of the funds of the trust. Disbursements from the funds of the
      trust shall be made by the custodian or such person as may be authorized
      by  him  only upon warrants signed by the chairperson of the trust or an
      official thereof authorized to do so.
        2.  The  comptroller  of  the  state  and   his   legally   authorized
      representatives are hereby authorized and empowered from time to time to
      examine  the  accounts  and  books  of the trust including its receipts,
      disbursements, contracts, investments and any other matters relating  to
      its  financial standing.  The report of any such audit shall be included
      in the report required by subdivision three of this section.
        3. The trust shall submit to the  governor,  the  chairperson  of  the
      senate finance committee, the chairperson of the assembly ways and means
      committee and the state comptroller, within ninety days after the end of
      its  fiscal year (which shall be the same as the state's fiscal year), a
      complete and detailed report  of  its  operations  and  accomplishments,
      including  staffing  and temporary transfer and assignment of employees,
      its receipts and disbursements, any acquisitions and  deaccessions,  and
      its assets and liabilities.