§ 3958. Advisory period. 1. During any advisory period the authority\nshall: (a) obtain from the county, the covered organizations and the\nstate comptroller, all information, financial statements and\nprojections, budgetary data and information, and management reports and\nmaterials as the authority deems necessary or desirable to accomplish\nthe purposes of this title; and inspect, copy and audit such books and\nrecords of the county and the covered organizations as the authority\ndeems necessary or desirable to accomplish the purposes of this title;\n (b) review the operation, management, efficiency and productivity of\ncounty operations and of any covered organization's operations as the\nauthority may determine, and make reports and recommendations thereon;\nexamine the potential to enhance the revenue of the county or any\ncovered organization; audit compliance with the financial plan in such\nareas as the authority may determine; recommend to the county and the\ncovered organizations such measures relating to their operations,\nmanagement, efficiency and productivity as the authority deems\nappropriate to reduce costs, enhance revenue and improve services so as\nto advance the purposes of this title;\n (c) consult with the county in the preparation of the budget of the\ncounty, comment on the provisions of the budget, the financial plan and\nthe financial plan modifications of the county as the authority deems\nnecessary or appropriate;\n (d) review and comment on the terms of any proposed borrowing,\nincluding the prudence of each proposed issuance of bonds or notes to be\nissued by the county or any covered organization; and\n (e) assess the impact of any collective bargaining agreement to be\nentered into by the county and such contracts, that, in the judgment of\nthe authority, may have a significant impact on the county's long-term\nfiscal condition.\n 2. During any advisory period, the county shall promptly provide all\ninformation requested by the authority, review the comments,\nassessments, reports and recommendations of the authority and publicly\nrespond thereto, addressing such matters as have been raised by the\nauthority.\n
‹ Prev All New York sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.