§ 493 — Annual report of trustees

New York § 493

• Jurisdiction: New York
• Law EDN: Education
• Title 1: General Provisions Article 1 Short Title and Definitions (§§
• Art. 10-B: City of Yonkers Educational Construction Fund

Text

§ 493. Annual report of trustees. The trustees of the fund shall\nsubmit to the mayor, the board of education and the city council of the\ncity of Yonkers annually on or before February first, a full report of\nits activities and operations through the thirtieth day of the preceding\nSeptember, including: (1) details as to projects in planning, projects\nin the process of construction, acquisition, reconstruction,\nrehabilitation or improvement, and projects completed; (2) the\nperformance record of the trustees in completing construction in\naccordance with the desired completion dates and within the estimated\ncosts; (3) the architects, engineers and other private consultants\nengaged by the trustees of the fund on a contract basis and a statement\nof the total amount paid and yet to be paid, or estimated yet to be\npaid, under each such contract; (4) the monies made available for the\npurposes of the fund; (5) details as to any lease, sublease or agreement\nexecuted by the trustees of the fund and the annual rentals to be paid\nor received on account thereof; (6) its assets and liabilities at the\nend of the fiscal year, including the status of reserve funds and other\nfunds and accounts; (7) a schedule of its bonds and notes outstanding at\nthe end of its fiscal year, together with the amounts redeemed and\nincurred during such fiscal year, and such other information related to\nthe activities and operation of the fund as the trustees may consider\npertinent.\n