New Jersey § 32:36-10

having an identical effect to L.2019, c. 195, § 10 . > Commission annual financial reporting. The Commission shall publish a comprehensive annual financial report, submitted annually

to the governors and state legislatures of New York and New Jersey and made available

on the Commission's website within 120 days after the end of its fiscal year. The annual report shall include: a. an introductory section including: a letter of transmittal to the governors and

legislatures of New York and New Jersey; information regarding the board, Commission

officers and executive management; a letter to the board from the chief executive

officer of the Commission highlighting important developments; a description of major

Commission activities undertaken during the prior year; and a letter to the board

from the chief financial officer of the Commission with respect to the consolidated

financial statements of the Commission. b. a financial section including: an independent auditor's report; management's

discussion and analysis; financial statements; its financial reports certified by

the co-chairpersons of the board, chief executive officer, and chief financial officer

of the Commission, including audited financials in accordance with generally accepted

accounting principles, known as GAAP, and the accounting standards issued by the governmental

accounting standards board, known as GASB, grant and subsidy programs, current ratings,

if any, of its bonds issued by recognized bond rating agencies and notice of changes

in such ratings, and long-term liabilities, including leases and employee benefit

plans; a schedule of its bonds and notes outstanding at the end of its fiscal year,

together with a statement of the amounts redeemed and incurred during such fiscal

year as part of a schedule of debt issuance that includes the date of issuance, term,

amount, interest rate, and means of repayment including all refinancings, calls, refundings,

defeasements, and interest rate exchange or other such agreements; and at a minimum

a four-year financial plan, including a current and Projected capital budget, and

an operating budget report, including an actual versus estimated budget, with an analysis

and measurement of financial and operating performance. c. a corporate information section providing: a list of all real property of the

Commission; a list and full description of real property and personal property that

has a sale price of over $10,000 disposed of during the period, including the price

received by the Commission and the name of the purchaser for all property sold by

the Commission during the period; a compensation schedule that shall include, by

position, title and name of the person holding such position or title, the salary,

compensation, allowance and/or benefits provided to any officer, director, or employee

in a decision making or managerial position of such Commission whose base salary is

in excess of $150,000; biographical information, not including confidential personal

information, for all directors and officers and employees for whom salary reporting

is required; a description of the Commission and its board structure, including names

of any committees and committee members, lists of board meetings and attendance, descriptions

of major Commission units and subsidiaries, and number of employees; its mission

statement, charter, if any, and by-laws; and a description of any material pending

litigation in which the Commission is involved as a party during the reporting year.