Section 1269-E. Financial and operational reports

The authority shall
  submit to the governor, the temporary president of the  senate  and  the
  speaker  of  the  assembly,  no  later  than  thirty  days following the
  submission of the annual independent audit report  pursuant  to  section
  twenty-eight  hundred two of this chapter, a complete detailed report or
  reports setting  forth,  to  the  extent  such  matters  are  not  fully
  addressed in the annual independent audit report, the following:
    1. its financial reports, including:
    a.  audited  financials  in accordance with all applicable regulations
  and following generally accepted accounting  principles  as  defined  in
  subdivision ten of section two of the state finance law;
    b. grant and subsidy programs;
    c. operating and financial risks;
    d.  current  ratings  of its bonds issued by recognized municipal bond
  rating agencies and notice changes in such ratings; and
    e. long-term liabilities, including leases and employee benefit plans;
  and
    2.  an  assessment  of  the  effectiveness  of  its  internal  control
  structure and procedures, including:
    a. descriptions of the authority and its major units and subsidiaries;
    b.  the  number  of  employees,  and minority and women employees, for
  each;
    c. an organizational chart;
    d. its charter, if any and by-laws;
    e. the extent of participation by minority and women owned enterprises
  in authority contracts and services in accordance with article fifteen-A
  of the executive law; and
    f. a listing of material changes in internal operations  and  programs
  during the reporting year.