Section 3668. Monitoring and review

Except as otherwise provided in section
  thirty-six hundred sixty-nine of this title, the authority shall:
    1. conduct meetings at least annually;
    2.  obtain  from  the county all information required pursuant to this
  section, and such other financial statements and projections,  budgetary
  data  and  information,  and  management  reports  and  materials as the
  authority deems necessary or desirable to  accomplish  the  purposes  of
  this title;
    3. recommend to the county and the covered organizations such measures
  relating  to their operation, management, efficiency and productivity as
  the authority deems appropriate to reduce costs and improve services  so
  as to advance the purposes of this title;
    4.  consult  with  the  county in the preparation of the budget of the
  county;
    5. with respect to any county borrowing proposed to  be  issued  after
  July first, two thousand, review the terms of and comment, within thirty
  days  after  notification  by the county of a proposed borrowing, on the
  prudence of each proposed issuance of bonds or notes to be issued by the
  county and no such borrowing shall be made  unless  first  reviewed  and
  commented  upon  by  the  authority.  The  authority  shall provide such
  comments within thirty days  after  notification  by  the  county  of  a
  proposed  borrowing  to  the  county  executive,  the  comptroller,  the
  legislature, the director of the budget and the state comptroller;
    6. determine whether to make transitional state aid available, and  on
  what  schedule, based upon the county's compliance with the requirements
  of  sections  thirty-six  hundred  sixty-six  and   thirty-six   hundred
  sixty-seven  of this title, as applicable, and the requirements, if any,
  of the appropriations bills authorizing such transitional state aid; and
    7. perform such audits and  reviews  of  the  county  and  any  agency
  thereof and any covered organizations as it deems necessary.