Section 3317. Audit and annual reports

1. In conformity with the provisions
  of  section five of article ten of the constitution, the accounts of the
  corporation shall be subject to the supervision of the state comptroller
  and an annual audit shall  be  performed  by  an  independent  certified
  public  accountant.  The corporation shall annually submit to the county
  board  of  legislators,  county  executive,  governor  and   the   state
  comptroller  and  to the chairperson of the senate finance committee and
  the chairperson of the assembly ways  and  means  committee  a  detailed
  report  pursuant  to  the  provisions of section twenty-eight hundred of
  this chapter, and a copy of such report shall be filed with the clerk of
  the county board of legislators and the county executive.
    2. The corporation shall report  on  an  annual  basis  the  following
  information: the name, principal business address and principal business
  activities  of each subsidiary of the corporation; the name of all board
  members and officers of each subsidiary; the number of employees of each
  subsidiary; a list of all contracts in excess of  one  hundred  thousand
  dollars entered into by the corporation and its subsidiaries identifying
  the  amount,  purpose  and  duration  of  such contract; and a financial
  statement,  income  statement,  and  balance  sheet  performed   by   an
  independent certified public accountant all in accordance with generally
  accepted  accounting  principles  of  the  corporation  and  each of its
  subsidiaries. At the time the reports required  by  subdivision  one  of
  this  section  are  submitted,  such  reports  shall  be provided to the
  governor, the speaker of the assembly, the temporary  president  of  the
  senate  and  a  copy of such report shall be filed with the clerk of the
  county board of legislators and the county executive.