Section 1829. Submission of certain financial information  


Latest version.
  • 1. The authority
      shall submit to  the  governor,  the  chairman  of  the  senate  finance
      committee, the chairman of the assembly ways and means committee and the
      director of the budget, annually sixty days prior to the commencement of
      its  fiscal  year,  (a)  a copy of its strategic plan, for its next five
      fiscal years, adopted in accordance with the requirements of subdivision
      thirteen-a of section eighteen hundred four of this title;  and  (b)  in
      such  form  or forms as may be prescribed by the director of the budget,
      financial information on its operations  and  loans  setting  forth  its
      estimated  income and moneys to be otherwise available, its expenditures
      and its loan activity for the next fiscal year and  the  current  fiscal
      year  of the authority, the actual moneys, income, expenditures and loan
      activity for the last  completed  fiscal  year  of  the  authority,  (c)
      proposed  changes, if any, in its charges and fees in respect of project
      applications and loans and  (d)  information  regarding  the  manner  in
      which,  and  the  extent to which, the authority's activities during the
      last completed fiscal year and during the  first  half  of  the  current
      fiscal  year have served to further the goals and objectives and achieve
      the operational targets set forth in the strategic plan adopted pursuant
      to subdivision thirteen-a of  section  eighteen  hundred  four  of  this
      title.
        2.  The  annual  report  submitted  by  the  authority pursuant to the
      provisions of section twenty-eight hundred of  this  chapter  shall  set
      forth,  in  addition  to  the  items  enumerated  in such section, (a) a
      schedule of  its  loans  which  shall  indicate  the  local  development
      corporation  through  which financial assistance has been granted by the
      authority and the project occupant or business enterprise  described  in
      section  eighteen hundred twenty-seven of this chapter for each assisted
      project, and information on the number of jobs projected to  be  created
      and  the  number  projected  to  be  retained  by  each of such assisted
      projects;  and,  based  on  the  latest  information  available  to  the
      authority,  the  number  of jobs actually created to date and the number
      actually retained to date by each of such assisted projects; and
        (b) a listing of all  bond  counsel,  accountants  and  other  private
      consultants engaged by the authority on a contract basis and a statement
      of  the  total  amount paid and yet to be paid under each such contract;
      and
        (c) a schedule of all disbursements and commitments  provided  by  the
      authority  from funds the authority administers on behalf of the federal
      government including:
        (i) grants, loans and loan guarantees for all projects  undertaken  by
      the fund;
        (ii) administrative and operating expenses charged to the fund;
        (iii)  transfers of moneys from the fund to other fund accounts of the
      authority; and
        (iv) any and all other  information  that  may  be  requested  by  the
      director  of the budget, chair of the senate finance committee and chair
      of the assembly ways and means committee; and
        (d) a schedule  of  all  receipts  and  receivables  received  by  the
      authority  into  the  funds  the  authority administers on behalf of the
      federal government including:
        (i) transfer of moneys to the fund from other  fund  accounts  of  the
      authority;
        (ii)  income received by the fund from loans, loan guarantees, charges
      and all other sources; and
        (iii) any and all other information  that  may  be  requested  by  the
      director  of the budget, chair of the senate finance committee and chair
      of the assembly ways and means committee.