2023 New York Laws › PBA - Public Authorities › Article 10-D - Miscellaneous Authorities › Title 1 - Nassau County Interim Finance Authority › 3668 - Monitoring and Review.

§ 3668. Monitoring and review. Except as otherwise provided in section
  thirty-six hundred sixty-nine of this title, the authority shall:
1. conduct meetings at least annually;
2.  conduct  audits of the Nassau county industrial development agency
  established pursuant to section nine hundred twenty-two of  the  general
  municipal   law,   the   Nassau  county  off-track  betting  corporation
  established pursuant to article five of the racing, pari-mutuel wagering
  and breeding law, and the Nassau university medical  center  established
  pursuant  to  section  three  thousand four hundred two of this chapter;
  provided, however, that such audits shall to be completed no later  than
  December  thirty-first, two thousand twenty-two, and shall continue on a
  biennial basis for subsequent years thereafter. The authority shall make
  its audit findings publicly available on its website and provide  copies
  of  its  respective  reports to the governor, temporary president of the
  senate, speaker of the assembly, and authorities budget office;
3. investigate, within the county and covered organizations, potential
  violations of the provisions of this chapter,  fiscal  mismanagement  or
  systemic  negligence;  provided further that the authority shall provide
  an annual report to the governor, temporary  president  of  the  senate,
  speaker  of  the  assembly, and authorities budget office detailing such
  investigations;
4. obtain from the county all information required  pursuant  to  this
  section,  and such other financial statements and projections, budgetary
  data and information,  and  management  reports  and  materials  as  the
  authority  deems  necessary  or  desirable to accomplish the purposes of
  this title;
5. recommend to the county and the covered organizations such measures
  relating to their operation, management, efficiency and productivity  as
  the  authority deems appropriate to reduce costs and improve services so
  as to advance the purposes of this title;
6. consult with the county in the preparation of  the  budget  of  the
  county;
7.  with  respect  to any county borrowing proposed to be issued after
  July first, two thousand, review the terms of and comment, within thirty
  days after notification by the county of a proposed  borrowing,  on  the
  prudence of each proposed issuance of bonds or notes to be issued by the
  county  and  no  such  borrowing shall be made unless first reviewed and
  commented upon by  the  authority.  The  authority  shall  provide  such
  comments  within  thirty  days  after  notification  by  the county of a
  proposed  borrowing  to  the  county  executive,  the  comptroller,  the
  legislature, the director of the budget and the state comptroller;
8.  determine whether to make transitional state aid available, and on
  what schedule, based upon the county's compliance with the  requirements
  of   sections   thirty-six  hundred  sixty-six  and  thirty-six  hundred
  sixty-seven of this title, as applicable, and the requirements, if  any,
  of the appropriations bills authorizing such transitional state aid; and
9.  perform  such  audits  and  reviews  of  the county and any agency
  thereof and any covered organizations as it deems necessary.