Section 382. Annual report of trustees  


Latest version.
  • 1. The fund shall submit to the
      governor, the regents, the state university trustees,  the  legislature,
      the  chairs  of  the  senate finance committee and the assembly ways and
      means committee, annually on or before January first, a full  report  of
      its activities and operations through the thirtieth day of the preceding
      September,   including  details  as  to  state  university  construction
      projects in planning, in construction  and  completed,  the  performance
      record  of  the  fund  in completing construction in accordance with the
      desired completion dates and within the estimated costs  recommended  by
      the  governor and approved by the legislature, the architects, engineers
      and other private consultants engaged by the fund on  a  contract  basis
      and  a  statement  of  the  total  amount  paid  and  yet to be paid, or
      estimated yet to be paid, under such contract, the  letting  agency  and
      successful  bidder  for  each  construction  project,  the  moneys  made
      available for the  purposes  of  the  fund,  details  as  to  any  lease
      agreements  executed  by  the fund and the annual rentals required to be
      paid on account thereof, and  such  other  information  related  to  the
      activities and operations of the fund as it may consider pertinent. Such
      report shall also contain details as to all contracts which, pursuant to
      section  three  hundred  seventy-six  of this chapter, have been entered
      into  without  public  letting  where  an  emergency  condition  exists,
      including  the nature of such emergency condition and the state-operated
      institution at which the condition occurred.
        2. Notwithstanding the provisions of subdivision one of this  section,
      on  or  before  November  fifteenth  of  each year, the state university
      construction fund shall submit, and  thereafter  may  resubmit,  to  the
      director  of  the  budget,  the  state  comptroller, the chairman of the
      senate finance committee and the chairman of the assembly ways and means
      committee a report setting forth the amounts,  if  any,  of  all  annual
      rentals  and  other  payments  estimated to become due in the succeeding
      state fiscal year to the dormitory authority from the fund  pursuant  to
      any   leases,  subleases  or  other  agreements  between  the  dormitory
      authority and the fund entered into on or  after  July  first,  nineteen
      hundred eighty-eight, to provide state university educational facilities
      for the state university of New York. Such report shall separately state
      the  amount  of  income  earned on the investment of moneys in the state
      university construction  fund  educational  facilities  payment  account
      since the date of the last such report.