§ 2800. Annual reports by authorities. 1. State authorities. (a) For\nthe purpose of furnishing the state with systematic information\nregarding the status and the activities of public authorities, every\nstate authority continued or created by this chapter or any other\nchapter of the laws of the state of New York shall submit to the\ngovernor, the chairman and ranking minority member of the senate finance\ncommittee, the chairman and ranking minority member of the assembly ways\nand means committee, the state comptroller, and the authorities budget\noffice, within ninety days after the end of its fiscal year, a complete\nand detailed report or reports setting forth: (1) its operations and\naccomplishments; (2) its financial reports, including (i) audited\nfinancials in accordance with all applicable regulations and following\ngenerally accepted accounting principles as defined in subdivision ten\nof section two of the state finance law, (ii) grant and subsidy\nprograms, (iii) operating and financial risks, (iv) current ratings, if\nany, of its bonds issued by recognized municipal bond rating agencies\nand notice of changes in such ratings, and (v) long-term liabilities,\nincluding leases and employee benefit plans; (3) its mission statement\nand measurements including its most recent measurement report; (4) a\nschedule of its bonds and notes outstanding at the end of its fiscal\nyear, together with a statement of the amounts redeemed and incurred\nduring such fiscal year as part of a schedule of debt issuance that\nincludes the date of issuance, term, amount, interest rate and means of\nrepayment. Additionally, the debt schedule shall also include all\nrefinancings, calls, refundings, defeasements and interest rate exchange\nor other such agreements, and for any debt issued during the reporting\nyear, the schedule shall also include a detailed list of costs of\nissuance for such debt; (5) a compensation schedule, in addition to the\nreport described in section twenty-eight hundred six of this title, that\nshall include, by position, title and name of the person holding such\nposition or title, the salary, compensation, allowance and/or benefits\nprovided to any officer, director or employee in a decision making or\nmanagerial position of such authority whose salary is in excess of one\nhundred thousand dollars; (5-a) biographical information, not including\nconfidential personal information, for all directors and officers and\nemployees for whom salary reporting is required under subparagraph five\nof this paragraph; (6) the projects undertaken by such authority during\nthe past year; (7) a listing and description, in addition to the report\nrequired by paragraph a of subdivision three of section twenty-eight\nhundred ninety-six of this article of all real property of such\nauthority having an estimated fair market value in excess of fifteen\nthousand dollars that the authority acquires or disposes of during such\nperiod. The report shall contain the price received or paid by the\nauthority and the name of the purchaser or seller for all such property\nsold or bought by the authority during such period; (8) such authority's\ncode of ethics; (9) an assessment of the effectiveness of its internal\ncontrol structure and procedures; (10) a copy of the legislation that\nforms the statutory basis of the authority; (11) a description of the\nauthority and its board structure, including (i) names of committees and\ncommittee members, (ii) lists of board meetings and attendance, (iii)\ndescriptions of major authority units, subsidiaries, and (iv) number of\nemployees; (12) its charter, if any, and by-laws; (13) a listing of\nmaterial changes in operations and programs during the reporting year;\n(14) at a minimum a four-year financial plan, including (i) a current\nand projected capital budget, and (ii) an operating budget report,\nincluding an actual versus estimated budget, with an analysis and\nmeasurement of financial and operating performance; (15) its board\nperformance evaluations; provided, however, that such evaluations shall\nnot be subject to disclosure under article six of the public officers\nlaw; (16) a description of the total amounts of assets, services or both\nassets and services bought or sold without competitive bidding,\nincluding (i) the nature of those assets and services, (ii) the names of\nthe counterparties, and (iii) where the contract price for assets\npurchased exceeds fair market value, or where the contract price for\nassets sold is less than fair market value, a detailed explanation of\nthe justification for making the purchase or sale without competitive\nbidding, and a certification by the chief executive officer and chief\nfinancial officer of the public authority that they have reviewed the\nterms of such purchase or sale and determined that it complies with\napplicable law and procurement guidelines; and (17) a description of any\nmaterial pending litigation in which the authority is involved as a\nparty during the reporting year, except that no hospital need disclose\ninformation about pending malpractice claims beyond the existence of\nsuch claims.\n (b) Each state authority shall make accessible to the public, via its\nofficial or shared internet web site, documentation pertaining to its\nmission, current activities, most recent annual financial reports,\ncurrent year budget and its most recent independent audit report unless\nsuch information is covered by subdivision two of section eighty-seven\nof the public officers law.\n (c) The authorities budget office shall make accessible to the public,\nvia its official or shared internet web site, documentation pertaining\nto each authority's mission, current activities, most recent annual\nfinancial reports, current year budget and its most recent independent\naudit report unless such information is covered by subdivision two of\nsection eighty-seven of the public officers law.\n 2. Local authorities. (a) Every local authority, continued or created\nby this chapter or any other chapter of the laws of the state of New\nYork shall submit to the chief executive officer, the chief fiscal\nofficer, the chairperson of the legislative body of the local government\nor local governments and the authorities budget office, within ninety\ndays after the end of its fiscal year, a complete and detailed report or\nreports setting forth: (1) its operations and accomplishments; (2) its\nfinancial reports, including (i) audited financials in accordance with\nall applicable regulations and following generally accepted accounting\nprinciples as defined in subdivision ten of section two of the state\nfinance law, (ii) grants and subsidy programs, (iii) operating and\nfinancial risks, (iv) current ratings if any, of its bonds issued by\nrecognized municipal bond rating agencies and notice of changes in such\nratings, and (v) long-term liabilities, including leases and employee\nbenefit plans; (3) its mission statement and measurements including its\nmost recent measurement report; (4) a schedule of its bonds and notes\noutstanding at the end of its fiscal year, together with a statement of\nthe amounts redeemed and incurred during such fiscal year as part of a\nschedule of debt issuance that includes the date of issuance, term,\namount, interest rate and means of repayment. Additionally, the debt\nschedule shall also include all refinancings, calls, refundings,\ndefeasements and interest rate exchange or other such agreements, and\nfor any debt issued during the reporting year, the schedule shall also\ninclude a detailed list of costs of issuance for such debt; (5) a\ncompensation schedule in addition to the report described in section\ntwenty-eight hundred six of this title that shall include, by position,\ntitle and name of the person holding such position or title, the salary,\ncompensation, allowance and/or benefits provided to any officer,\ndirector or employee in a decision making or managerial position of such\nauthority whose salary is in excess of one hundred thousand dollars;\n(5-a) biographical information, not including confidential personal\ninformation, for all directors and officers and employees for whom\nsalary reporting is required under subparagraph five of this paragraph;\n(6) the projects undertaken by such authority during the past year; (7)\na listing and description, in addition to the report required by\nparagraph a of subdivision three of section twenty-eight hundred\nninety-six of this article of all real property of such authority having\nan estimated fair market value in excess of fifteen thousand dollars\nthat the authority acquires or disposes of during such period. The\nreport shall contain the price received or paid by the authority and the\nname of the purchaser or seller for all such property sold or bought by\nthe authority during such period; (8) such authority's code of ethics;\n(9) an assessment of the effectiveness of its internal control structure\nand procedures; (10) a copy of the legislation that forms the statutory\nbasis of the authority; (11) a description of the authority and its\nboard structure, including (i) names of committees and committee\nmembers, (ii) lists of board meetings and attendance, (iii) descriptions\nof major authority units, subsidiaries, (iv) number of employees, and\n(v) organizational chart; (12) its charter, if any, and by-laws; (13) a\nlisting of material changes in operations and programs during the\nreporting year; (14) at a minimum a four-year financial plan, including\n(i) a current and projected capital budget, and (ii) an operating budget\nreport, including an actual versus estimated budget, with an analysis\nand measurement of financial and operating performance; (15) its board\nperformance evaluations provided, however, that such evaluations shall\nnot be subject to disclosure under article six of the public officers\nlaw; (16) a description of the total amounts of assets, services or both\nassets and services bought or sold without competitive bidding,\nincluding (i) the nature of those assets and services, (ii) the names of\nthe counterparties, and (iii) where the contract price for assets\npurchased exceeds fair market value, or where the contract price for\nassets sold is less than fair market value, a detailed explanation of\nthe justification for making the purchase or sale without competitive\nbidding, and a certification by the chief executive officer and chief\nfinancial officer of the public authority that they have reviewed the\nterms of such purchase or sale and determined that it complies with\napplicable law and procurement guidelines; and (17) a description of any\nmaterial pending litigation in which the authority is involved as a\nparty during the reporting year, except that no provider of medical\nservices need disclose information about pending malpractice claims\nbeyond the existence of such claims.\n (b) Each local authority shall make accessible to the public, via its\nofficial or shared internet web site, documentation pertaining to its\nmission, current activities, most recent annual financial reports,\ncurrent year budget and its most recent independent audit report unless\nsuch information is covered by subdivision two of section eighty-seven\nof the public officers law.\n 3. Every financial report submitted under this section shall be\napproved by the board and shall be certified in writing by the chief\nexecutive officer and the chief financial officer of such authority that\nbased on the officer's knowledge (a) the information provided therein is\naccurate, correct and does not contain any untrue statement of material\nfact; (b) does not omit any material fact which, if omitted, would cause\nthe financial statements to be misleading in light of the circumstances\nunder which such statements are made; and (c) fairly presents in all\nmaterial respects the financial condition and results of operations of\nthe authority as of, and for, the periods presented in the financial\nstatements.\n 4. The authorities budget office may, upon application of any\nauthority, waive any requirements of this section upon a showing that\nthe authority meets the criteria for such a waiver established by\nregulations of the authorities budget office. Such regulations shall\nprovide for consideration of: (a) the number of employees of the\nauthority; (b) the annual budget of the authority; (c) the ability of\nthe authority to prepare the required reports using existing staff; and\n(d) such other factors as the authorities budget office deems to reflect\nthe relevance of the required disclosures to evaluation of an\nauthority's effective operation, and the burden such disclosures place\non an authority. Each waiver granted pursuant to this subdivision shall\nbe disclosed in the reports of such office issued pursuant to section\nseven of this chapter.\n