Section 3039. Review by the corporation  


Latest version.
  • In order to determine whether
      the city has taken or is taking action to  effect  compliance  with  any
      conditions  imposed  pursuant  to section three thousand thirty-eight of
      this chapter, the corporation may from time to time conduct a review  of
      the   records,  accounts,  budgets,  forecasts,  projections  and  other
      relevant materials of the city. The corporation may conduct such  review
      by  using  (i)  its  own  employees, (ii) its agents, or (iii) any state
      employees provided to the corporation for such purpose. The  city  shall
      make  available for such review all books and records, and shall furnish
      copies of all financial  statements,  budgets,  forecasts,  projections,
      information  or  corrective  action taken by the city in response to any
      notices  from  the  corporation  and  all  information  related  to  the
      foregoing, as requested by the persons conducting such review, and shall
      make  its  officers  and  employees  available  to  and  shall otherwise
      cooperate with such persons to permit such review  to  be  completed  as
      promptly as possible.
        * NB The  corporation  shall  continue  for a term ending the later of
      July 1, 2008 or one year after its liabilities have been fully paid  and
      discharged per § 3033 sub 1.