§ 3617. Audit and annual reports. 1. In conformity with the provisions
of section five of article ten of the state constitution, the accounts
of the corporation shall be subject to the supervision of the state
comptroller and an annual audit shall be performed by an independent
certified public accountant. The corporation shall annually submit to
the town boards of supervisors a detailed report pursuant to the
provisions of section twenty-eight hundred of this chapter, and a copy
of such report shall be filed with the clerk of each town.

2. The corporation shall report on an annual basis the following
information: the name, principal business address and principal business
activities of each subsidiary of the corporation; the name of all board
members and officers of each subsidiary; the number of employees of each
subsidiary; a list of all contracts in excess of one hundred thousand
dollars entered into by the corporation and its subsidiaries identifying
the amount, purpose and duration of such contract; and a financial
statement, income statement, and balance sheet performed by an
independent certified public accountant all in accordance with generally
accepted accounting principles of the corporation and each of its
subsidiaries. At the time the reports required by subdivision one of
this section are submitted, such reports shall be provided to the
governor, the speaker of the assembly, the temporary president of the
senate and a copy of such report shall be filed with the clerk of each
town and the town supervisors and with the clerk of the county.