Section 2800. Annual reports by authorities

1. State authorities. (a) For
  the  purpose  of  furnishing  the  state  with  systematic   information
  regarding  the  status  and  the activities of public authorities, every
  state authority continued or  created  by  this  chapter  or  any  other
  chapter  of  the  laws  of  the  state  of  New York shall submit to the
  governor, the chairman and ranking minority member of the senate finance
  committee, the chairman and ranking minority member of the assembly ways
  and means committee and the state comptroller, within ninety days  after
  the  end  of  its fiscal year, a complete and detailed report or reports
  setting forth: (1) its operations and accomplishments; (2) its  receipts
  and  disbursements, or revenues and expenses, during such fiscal year in
  accordance with the categories or classifications  established  by  such
  authority  for  its  own  operating and capital outlay purposes; (3) its
  assets and liabilities at the end  of  its  fiscal  year  including  the
  status  of  reserve,  depreciation, special or other funds and including
  the receipts and payments of these funds; (4) a schedule  of  its  bonds
  and  notes  outstanding  at  the end of its fiscal year, together with a
  statement of the amounts redeemed and incurred during such  fiscal  year
  as  part  of  a  schedule  of  debt  issuance  that includes the date of
  issuance,  term,  amount,  interest  rate  and   means   of   repayment.
  Additionally,  the  debt  schedule  shall also include all refinancings,
  calls, refundings, defeasements and interest rate exchange or other such
  agreements, and for any debt  issued  during  the  reporting  year,  the
  schedule  shall  also  include  a detailed list of costs of issuance for
  such debt; (5) a compensation schedule that shall include, by  position,
  title and name of the person holding such position or title, the salary,
  compensation,   allowance  and/or  benefits  provided  to  any  officer,
  director or employee in a decision making or managerial position of such
  authority whose salary is in excess of one hundred thousand dollars; (6)
  the projects undertaken by such authority during the past  year;  (7)  a
  listing  of  (i) all real property of such authority having an estimated
  fair market value  in  excess  of  fifteen  thousand  dollars  that  the
  authority  intends  to  dispose  of;  (ii) all such property held by the
  authority at the end of the period covered by the report; and (iii)  all
  such  property  disposed of during such period. The report shall contain
  an estimate of fair market value for  all  such  property  held  by  the
  authority  at  the  end  of  the  period  and  the price received by the
  authority and the name of the purchaser for all such  property  sold  by
  the  authority  during such period; (8) such authority's code of ethics;
  and (9) an assessment of  the  effectiveness  of  its  internal  control
  structure and procedures.
    (b)  To  the  extent  practicable,  each  state  authority  shall make
  accessible  to  the  public  via  its   official   internet   web   site
  documentation pertaining to its mission, current activities, most recent
  annual  financial  reports,  current  year  budget  and  its most recent
  independent  audit  report  unless  such  information  is   covered   by
  subdivision two of section eighty-seven of the public officers law.
    2.  Local authorities. (a) Every local authority, continued or created
  by this chapter or any other chapter of the laws of  the  state  of  New
  York  shall  submit  to  the  chief  executive officer, the chief fiscal
  officer, the chairperson of the legislative body of the local government
  or local governments and the  entity  established  pursuant  to  section
  twenty-seven of the chapter of the laws of two thousand five which added
  this subdivision, within ninety days after the end of its fiscal year, a
  complete   and  detailed  report  or  reports  setting  forth:  (1)  its
  operations and accomplishments; (2) its receipts and  disbursements,  or
  revenues  and  expenses,  during such fiscal year in accordance with the
  categories or classifications established by such authority for its  own

  operating and capital outlay purposes; (3) its assets and liabilities at
  the   end   of   its  fiscal  year  including  the  status  of  reserve,
  depreciation, special or other funds  and  including  the  receipts  and
  payments  of  these  funds;  (4)  a  schedule  of  its  bonds  and notes
  outstanding at the end of its fiscal year, together with a statement  of
  the  amounts  redeemed and incurred during such fiscal year as part of a
  schedule of debt issuance that includes  the  date  of  issuance,  term,
  amount,  interest  rate  and  means of repayment. Additionally, the debt
  schedule  shall  also  include  all  refinancings,  calls,   refundings,
  defeasements  and  interest  rate exchange or other such agreements, and
  for any debt issued during the reporting year, the schedule  shall  also
  include  a  detailed  list  of  costs  of  issuance for such debt; (5) a
  compensation schedule that shall include, by position, title and name of
  the person holding such position or  title,  the  salary,  compensation,
  allowance  and/or benefits provided to any officer, director or employee
  in a decision making or managerial  position  of  such  authority  whose
  salary  is  in  excess of one hundred thousand dollars; (6) the projects
  undertaken by such authority during the past year; (7) a listing of  (i)
  all  real  property  of  such  authority having an estimated fair market
  value in excess of fifteen thousand dollars that the  authority  intends
  to  dispose  of; (ii) all such property held by the authority at the end
  of the period covered  by  the  report;  and  (iii)  all  such  property
  disposed  of during such period. The report shall contain an estimate of
  fair market value for all such property held by the authority at the end
  of the period and the price received by the authority and  the  name  of
  the  purchaser  for  all such property sold by the authority during such
  period; (8) such authority's code of ethics; and (9)  an  assessment  of
  the effectiveness of its internal control structure and procedures.
    (b)  To  the  extent  practicable,  each  local  authority  shall make
  accessible  to  the  public  via  its   official   internet   web   site
  documentation pertaining to its mission, current activities, most recent
  annual  financial  reports,  current  year  budget  and  its most recent
  independent  audit  report  unless  such  information  is   covered   by
  subdivision two of section eighty-seven of the public officers law.
    3.  Every  financial  report  submitted  under  this  section shall be
  approved by the board and shall be certified in  writing  by  the  chief
  executive officer and the chief financial officer of such authority that
  based on the officer's knowledge (a) the information provided therein is
  accurate,  correct and does not contain any untrue statement of material
  fact; (b) does not omit any material fact which, if omitted, would cause
  the financial statements to be misleading in light of the  circumstances
  under  which  such  statements  are made; and (c) fairly presents in all
  material respects the financial condition and results of  operations  of
  the  authority  as  of,  and for, the periods presented in the financial
  statements.