2012 New York Consolidated Laws
TRA - Transportation
Article 2 - (10 - 22) POWERS, DUTIES AND JURISDICTION OF THE DEPARTMENT OF TRANSPORTATION
21 - Single audit program.

 
    §  21.  Single audit program. 1. Municipalities and public authorities
  that expend in excess of one hundred thousand dollars in any fiscal year
  from funds provided through  state  transportation  programs,  projects,
  grants, contracts or agreements administered by the department, and that
  are  required to have a federal single audit performed under the federal
  Single Audit Act of 1984, as amended, shall prepare a "schedule of state
  transportation assistance  expended"  and  cause  such  schedule  to  be
  audited  by  an  independent certified public accountant for each period
  corresponding to the federal single audit. The audit shall conform  with
  government  auditing  standards  and  shall include a professional audit
  opinion on:
    (a) the "schedule of state transportation assistance expended";
    (b) compliance with applicable  state  laws,  rules,  regulations  and
  contract provisions in the administration of state transportation funded
  programs, projects, contracts and grants administered by the department;
  and
    (c)  the  adequacy of internal controls in administering such funds in
  conformance with state laws, rules, regulations and contract provisions.
    2. For the purposes of this section, the term "fiscal year" shall mean
  the regular annual accounting  period  of  the  municipality  or  public
  authority; and the term "government auditing standards" shall mean those
  standards prescribed by the comptroller general of the United States.
    3.  The  commissioner  shall  promulgate rules and regulations for the
  implementation  of  this  section.  Such  rules  and  regulations  shall
  include,  but shall not be limited to, audit compliance requirements for
  specified  programs  administered  by  the  department,   audit   report
  submission  requirements, the acceptance criteria for audit reports, and
  any information needed by  the  commissioner  to  complete  the  reports
  required  by  subdivision  six of this section. Audit reports under this
  section shall be due for  each  fiscal  year  beginning  after  December
  thirty-first, two thousand.
    4.  Additional expenses incurred by a municipality or public authority
  in connection with audits performed under this section may be chargeable
  as an indirect cost to the state program, project,  grant,  contract  or
  agreement where otherwise allowable and to the extent funds are provided
  for such purposes.
    5.  The  commissioner,  insofar as the commissioner deems practicable,
  shall not impose any additional audit requirements in  the  department's
  administration  of  state  transportation  programs,  projects,  grants,
  contracts and agreements  upon  municipalities  and  public  authorities
  which  provide  both  the  federal  single  audit and the state audit in
  accordance with subdivision one of this section. This section shall  not
  supersede the authority of the state comptroller to conduct audits.
    6.  The  commissioner  shall  annually  report  to  the  governor, the
  temporary president of the senate and the speaker of the assembly on the
  benefits and  costs  of  the  implementation  of  this  section  by  the
  fifteenth of October, beginning in the year two thousand two.