§ 659. Audits. Notwithstanding any other provision of this chapter, the state comptroller shall, from time to time but not less than once in every three years, examine the books and accounts of the New York state higher education services corporation created by this article, including its receipts, disbursements, contracts, leases, investments and any other matters relating to its financial standing. In lieu of such an examination, the state comptroller is hereby authorized to accept from the corporation an external examination of its books and accounts made at the request of the corporation.

Terms Used In N.Y. Education Law 659

  • Corporation: shall mean the New York state higher education services corporation. See N.Y. Education Law 651
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.