§ 612. Compliance monitoring.
1.Any supervising agency and any\ncorporate governmental agency that constitutes a public benefit\ncorporation created pursuant to this chapter shall have the power to:\n(a) subpoena, require the attendance of and examine and take testimony\nunder oath of such persons as it deems necessary to monitor, and enforce\ncompliance with, a note, mortgage, other financing agreement, regulatory\nagreement, deed, land disposition agreement, or restrictive covenant\nwith or approved by such agency or corporation and entered into in\nconnection with an action taken pursuant to this chapter, the general\nmunicipal law, the real property tax law, or the New York city zoning\nresolution; and (b) subpoena and require the production of books,\naccounts, papers, documents an
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§ 612. Compliance monitoring. 1. Any supervising agency and any\ncorporate governmental agency that constitutes a public benefit\ncorporation created pursuant to this chapter shall have the power to:\n(a) subpoena, require the attendance of and examine and take testimony\nunder oath of such persons as it deems necessary to monitor, and enforce\ncompliance with, a note, mortgage, other financing agreement, regulatory\nagreement, deed, land disposition agreement, or restrictive covenant\nwith or approved by such agency or corporation and entered into in\nconnection with an action taken pursuant to this chapter, the general\nmunicipal law, the real property tax law, or the New York city zoning\nresolution; and (b) subpoena and require the production of books,\naccounts, papers, documents and other evidence related to such\nmonitoring and enforcement.\n 2. Any person who has been issued a subpoena, or any other requirement\nto testify or produce books and records, pursuant to subdivision one of\nthis section, shall be required to comply with such subpoena or other\nrequirement within a reasonable period of time established by the\nsupervising agency or public benefit corporation that issued such\nsubpoena. Each day in which a person fails to comply with such subpoena,\nor with any other such requirement to testify or produce books and\nrecords, shall constitute a separate violation of this section. The\ncivil penalty for each such violation shall be not more than two hundred\nfifty dollars, provided that such penalty shall not apply to any period\nduring which such subpoena or other requirement to testify or produce\nbooks and records is the subject of a pending judicial proceeding\ncommenced prior to the expiration of the period of time established by\nsuch supervising agency or public benefit corporation for compliance\nwith such subpoena or other requirement to testify or produce books and\nrecords.\n 3. Any such supervising agency or public benefit corporation may\npromulgate rules and regulations to carry out the provisions of this\nsection.\n