§ 1746. Audit, annual and quarterly reports. 1. Beginning in nineteen
hundred ninety and every year thereafter, the authority shall, within
one hundred twenty days of the end of the city's fiscal year, submit to
the governor, the temporary president of the senate, the speaker of the
assembly, the minority leader of the senate, the minority leader of the
assembly, the chairs of the senate and assembly education committees and
the chairs of the senate and assembly committees on corporations,
authorities and commissions, the chairman of the senate committee on
investigations, taxation, and government operations, the chairman of the
assembly committee on oversight, analysis, and investigations, the mayor
and the city board a report on its operations during such fiscal year.
An annual audit of the authority shall be conducted by an independent
certified public accountant, and the authority's independently audited
financial statements shall be included in this report.

2. Beginning in nineteen hundred ninety, and every year thereafter,
the authority shall, on the last day of April, July, October, and
January, submit to all persons set forth in subdivision one of this
section a report detailing the extent of completion of all projects for
construction, reconstruction, improvement, rehabilitation, maintenance,
repair, furnishing, equipping of or otherwise providing for educational
facilities for the city board, including, by project, identified
shortfalls in schedule performance and providing explanation for such
shortfalls. Such reports shall detail the extent of completion as
existed on the last day of the month preceding each report,
respectively.