§ 11. General fiscal requirements relating to the corporation. 1. The
chairman of the corporation shall annually, at such time as the governor
may request, prepare and submit to the governor and the director of the
budget, on behalf of the directors of the corporation, an itemized
budget request and any additional information required setting forth
financial needs by programs for the administration of the corporation
during the next succeeding state fiscal year including information as to
the payment or provision for payment of obligations of the corporation
expected to be required during such year under the terms of all leases,
subleases and agreements expected to be undertaken by the corporation.
The governor shall annually submit his recommended budget for the
administration of the corporation to the legislature. The legislature
shall act on such request and make appropriations for all administrative
expenses of the corporation.

2. The comptroller, or his legally authorized representative, is
hereby authorized and empowered from time to time to examine the books
and accounts of the corporation, including its receipts and
disbursements and any other matters relating to its financial standing.
Such an examination shall be conducted by the comptroller at least once
every five years; the comptroller is authorized, however, to accept from
the corporation, in lieu of such examination, an external examination of
its books and accounts made at the request of the corporation.