Section 55.13. Moneys of the corporation  


Latest version.
  • 1. The moneys of the trust shall
      be retained by it and deposited in a  general  account  and  such  other
      accounts  as  the  trust  may  deem necessary for the transaction of its
      business and shall be paid out on checks signed by  the  chairperson  of
      the  corporation  or  by such other member or officer as the corporation
      may authorize.
        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.
        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, a complete and detailed report of  its  operations  and
      accomplishments,  its  receipts  and  disbursements  and  its assets and
      liabilities.