NY Transp L § 21 (2021)
2021 New York Laws TRA - Transportation Article 2 - Powers, Duties and Jurisdiction of the Department of Transportation 21 - Single Audit Program.

§  21.  Single audit program. 1. Municipalities and public authorities that are required in any fiscal year to  have  a  federal  single  audit performed  under paragraph (a) of part 200.501 of title 2 of the code of federal regulations as amended from time to time,  and  that  expend  in excess of the dollar amount provided in 2 CFR 200.501(a) as amended from time  to  time  in  any  fiscal  year  from funds provided through state transportation  programs,  projects,  grants,  contracts  or  agreements administered  by  the  department,  shall  prepare  a "schedule of state transportation assistance  expended"  and  cause  such  schedule  to  be audited  by  an  independent certified public accountant for each period corresponding to the federal single audit. The audit shall conform  with government  auditing  standards  and  shall include a professional audit opinion on:  (a) the "schedule of state transportation assistance expended";  (b) compliance with applicable  state  laws,  rules,  regulations  and contract provisions in the administration of state transportation funded programs, projects, contracts and grants administered by the department; and  (c)  the  adequacy of internal controls in administering such funds in conformance with state laws, rules, regulations and contract provisions.   2. For the purposes of this section, the term "fiscal year" shall mean the regular annual accounting  period  of  the  municipality  or  public authority; and the term "government auditing standards" shall mean those standards prescribed by the comptroller general of the United States.   3.  The  commissioner  shall  promulgate rules and regulations for the implementation  of  this  section.  Such  rules  and  regulations  shall include,  but shall not be limited to, audit compliance requirements for specified  programs  administered  by  the  department,   audit   report submission  requirements, the acceptance criteria for audit reports, and any information needed by  the  commissioner  to  complete  the  reports required  by  subdivision  six of this section. Audit reports under this section shall be due for  each  fiscal  year  beginning  after  December thirty-first, two thousand.   4.  Additional expenses incurred by a municipality or public authority in connection with audits performed under this section may be chargeable as an indirect cost to the state program, project,  grant,  contract  or agreement where otherwise allowable and to the extent funds are provided for such purposes.   5.  The  commissioner,  insofar as the commissioner deems practicable, shall not impose any additional audit requirements in  the  department's administration  of  state  transportation  programs,  projects,  grants, contracts and agreements  upon  municipalities  and  public  authorities which  provide  both  the  federal  single  audit and the state audit in accordance with subdivision one of this section. This section shall  not supersede the authority of the state comptroller to conduct audits.   6.  The  commissioner  shall  annually  report  to  the  governor, the temporary president of the senate and the speaker of the assembly on the benefits and  costs  of  the  implementation  of  this  section  by  the thirty-first of October, beginning in the year two thousand nineteen.