Section 3617. Audit and annual reports

1. In conformity with the provisions
  of  section  five of article ten of the state 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  town  boards  of  supervisors  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 each town.
    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  each
  town and the town supervisors and with the clerk of the county.