§ 32-a. Additional supervision and regulation. The commissioner or the\nsupervising agency, as the case may be, shall:\n 1. Promulgate regulations providing for recognition of duly\nconstituted tenants' associations and cooperators' advisory councils by\nthe commissioner or supervising agency, as the case may be, and\nproviding that a housing company shall meet on a regular basis with\nrepresentatives of such an association or council at the specific\nproject involved to discuss matters relating to the project. A duly\nconstituted cooperators' advisory council shall only be such a council\nin a mutual company project prior to the election of a board of\ndirectors by the tenant-cooperators.\n 2. Require every company to file with him, her or it an annual\noperating budget for each individual project in the manner prescribed by\nthe commissioner or supervising agency.\n 3. Require every company to file with him, her or it semi-annual or\nquarterly financial statements and an annual financial statement. Each\nannual financial statement shall be accompanied by a certificate of the\ncompany's independent certified public accountant. Such financial\nstatements shall be filed at the times and in the manner prescribed by\nthe commissioner or supervising agency.\n 4. Afford tenants access to and an opportunity to acquire copies of\nall operating budgets or financial statements respecting the project in\nwhich such tenants reside, to the extent that such budgets and\nstatements are required by law to be kept by the commissioner or\nsupervising agency.\n 5. Permit any tenant, duly constituted tenants' association, duly\nconstituted cooperators' advisory council or his, hers or its duly\nauthorized representative to audit the books of the company and to have\naccess during normal business hours to the financial records upon which\nthe company's financial statements are based.\n 6. Promulgate regulations relating to managing agents, including\ncriteria for the eligibility for selection and the compensation of\nmanaging agents by companies organized pursuant to this article. Such\nregulations shall provide, among other things, that any contract with a\nmanaging agent entered into after September first, nineteen hundred\nseventy-seven shall be terminable for cause and shall be terminable,\nwith or without cause, at least every twelve months after commencement\nof the term thereof, and that promptly upon termination the managing\nagent shall turn over to the company all project records, rent rolls,\nbills, cancelled checks, bank statements and other papers owned by such\ncompany.\n 7. Require that every company file with him, her or it, within six\nmonths of the effective date of regulations implementing this\nsubdivision and in such format as shall be prescribed by the\ncommissioner or the supervising agency after consultation with the state\nenergy office, an energy audit report which identifies potential\nenergy-saving building improvements, including alterations,\nmodifications and adjustments to the building structure, heating,\ncooling, lighting and ventilation systems; their relative costs;\npotential energy and cost savings; and simple payback periods, which for\nthe purpose of this subdivision shall mean that period of time within\nwhich the estimated cost of such improvements, exclusive of the cost of\ncapital, would be recovered from the savings generated by reduced energy\nconsumption resulting from the improvements. The energy audit shall be\nconducted by a public utility, an engineer or architect licensed by the\nstate, or the managing agent or other representative of the company if\nsuch individual has attended an energy audit training workshop sponsored\nby the commissioner or the state energy office. A copy of the energy\naudit report, required herein, shall be given to any duly constituted\ntenant's association or cooperator's advisory council and a copy shall\nbe available for inspection and copying by any individual
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