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This entry was published on 2014-09-22
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SECTION 3958
Advisory period
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 10-D, TITLE 3
§ 3958. Advisory period. 1. During any advisory period the authority
shall: (a) obtain from the county, the covered organizations and the
state comptroller, all information, 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; and inspect, copy and audit such books and
records of the county and the covered organizations as the authority
deems necessary or desirable to accomplish the purposes of this title;

(b) review the operation, management, efficiency and productivity of
county operations and of any covered organization's operations as the
authority may determine, and make reports and recommendations thereon;
examine the potential to enhance the revenue of the county or any
covered organization; audit compliance with the financial plan in such
areas as the authority may determine; recommend to the county and the
covered organizations such measures relating to their operations,
management, efficiency and productivity as the authority deems
appropriate to reduce costs, enhance revenue and improve services so as
to advance the purposes of this title;

(c) consult with the county in the preparation of the budget of the
county, comment on the provisions of the budget, the financial plan and
the financial plan modifications of the county as the authority deems
necessary or appropriate;

(d) review and comment on the terms of any proposed borrowing,
including the prudence of each proposed issuance of bonds or notes to be
issued by the county or any covered organization; and

(e) assess the impact of any collective bargaining agreement to be
entered into by the county and such contracts, that, in the judgment of
the authority, may have a significant impact on the county's long-term
fiscal condition.

2. During any advisory period, the county shall promptly provide all
information requested by the authority, review the comments,
assessments, reports and recommendations of the authority and publicly
respond thereto, addressing such matters as have been raised by the
authority.