N.Y. New York City Health & Hospitals Corporation Act § 22

Current through 2024 NY Law Chapter 456

Section 22 - Annual and special reports

1.Within one hundred twenty days after the end of the fiscal year of the corporation, the directors thereof shall submit to the mayor, the comptroller, the city council of the city of New York and the state comptroller a complete and detailed report setting forth:

(a) its operations and accomplishments during such fiscal year;

(b) its receipts and expenditures during such fiscal year in accordance with categories or classifications established by the corporation for its own operating and capital outlay purposes;

(c) its assets and liabilities at the end of such fiscal year including a schedule of its bonds, notes or other obligations and the status of reserves, depreciation, special, sinking or other funds;

(d) details of health facilities being planned or in the process of being constructed or otherwise acquired and health facilities that have been constructed or acquired;

(e) the performance of the corporation in completing construction by designated completion dates and within cost estimates;

(f) the names, addresses and qualifications of architects, engineers or other consultants retained by the corporation and a statement of any amounts paid or to be paid to such persons for their services;

(g) the details of any leases or sales or other dispositions of health facilities including the fees, rental and charges received or to be received therefrom;

(h) such other information relating to the operations of the corporation as shall be deemed pertinent by the directors, the mayor, the comptroller, the city council of the city of New York or the state comptroller.

2.The chairman of the corporation, on behalf of the directors thereof, on or before December first of each year, shall prepare and submit to the mayor, a complete and detailed special report setting forth:

(a) an itemized budget of the expected receipts and expenditures of the corporation during the next fiscal year; and

(b) information as to the issuance or payment, or provision therefor, of bonds, notes and other obligations of the corporation during such next fiscal year.

N.Y. New York City Health and Hospitals Corporation Act Law § 22