§ 14. Monies of the agency.

1. All monies of the agency, except as otherwise authorized or
provided in this act, shall be paid to the commissioner of taxation and
finance as agent of the agency, who shall not commingle such monies with
any other monies. Such monies shall be deposited in a separate bank
account or accounts. The monies in such accounts shall be paid out on
checks signed by the commissioner of taxation and finance on requisition
of the chairman of the agency or of such other officer or employee as
the agency shall authorize to make such requisition. All deposits of
such monies shall, if required by the commissioner of taxation and
finance or the agency, be secured by obligations of the United States or
of the state of a market value equal at all times to the amount of the
deposit and all banks and trust companies are authorized to give such
security for such deposits.

2. Subject to agreements with noteholders and bondholders and the
approval of the comptroller, the agency shall prescribe a system of
accounts.

Notwithstanding the provisions of this section, the agency shall have
power, subject to the approval of the commissioner of taxation and
finance, to contract with the holders of any of its notes or bonds as to
the custody, collection, securing, investment and payment of any monies
of the agency, of any monies held in trust or otherwise for the payment
of notes or bonds, and to carry out such contract. Monies held in trust
or otherwise for the payment of notes or bonds or in any way to secure
notes or bonds and deposits of such monies may be secured in the same
manner as monies of the agency, and all banks and trust companies are
authorized to give such security for such deposits.

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

4. The agency shall submit to the governor, chairman of the senate
finance committee, chairman of the assembly ways and means committee and
the comptroller, within thirty days of the receipt thereof by the
agency, a copy of the report of every external examination of the books
and accounts of the agency other than copies of the reports of such
examination made by the comptroller.