* § 3039. Review by the corporation. In order to determine whether
the city has taken or is taking action to effect compliance with any
conditions imposed pursuant to section three thousand thirty-eight of
this chapter, the corporation may from time to time conduct a review of
the records, accounts, budgets, forecasts, projections and other
relevant materials of the city. The corporation may conduct such review
by using (i) its own employees, (ii) its agents, or (iii) any state
employees provided to the corporation for such purpose. The city shall
make available for such review all books and records, and shall furnish
copies of all financial statements, budgets, forecasts, projections,
information or corrective action taken by the city in response to any
notices from the corporation and all information related to the
foregoing, as requested by the persons conducting such review, and shall
make its officers and employees available to and shall otherwise
cooperate with such persons to permit such review to be completed as
promptly as possible.
* NB The corporation shall continue for a term ending the later of
July 1, 2008 or one year after its liabilities have been fully paid and
discharged per § 3033 sub 1.
Structure New York Laws
Article 10 - New York State Municipal Assistance Corporation Act
Title 3 - Municipal Assistance Corporation for the City of New York
3031 - Legislative Findings and Statement of Purposes.
3034 - Administration of the Corporation.
3035 - Exchange of Notes or Bonds of the Corporation for Short-Term Obligations of the City.
3036 - Payments to the Corporation; Funds of the Corporation.
3036-A - Further Payments to the Corporation; Additional Funds of the Corporation.
3036-B - Further Payments to the Corporation; Additional Funds of the Corporation.
3037 - Payments to or Purchases of Obligations of the City.
3037-A - Funding Capital Projects.
3038 - Conditions on Extension of Benefits to the City.
3039 - Review by the Corporation.