Section 179-BB. Reports

1.   Each   state   agency  contracting  with
  not-for-profit organizations  shall  annually  prepare  and  transmit  a
  report  to  the office of the state comptroller by March thirty-first of
  each year. Such report, which shall be made available to the  public  by
  the  office  of the state comptroller, shall include, but not be limited
  to, information regarding  the  number  of  programs  affected  by  this
  article,  the  ability  of  the  state  agency  to  meet the time frames
  described within  this  article,  the  number  of  programs,  contracts,
  renewal  contracts  both  complying  and failing to comply with the time
  frames set forth in this article and the amount of  interest  paid.  The
  office of the state comptroller shall prepare an annual report examining
  the  effectiveness  and implementation of prompt contracting and payment
  as required by this article. In addition to examining the  effectiveness
  and  implementation of this article, the office of the state comptroller
  shall make any recommendations they deem necessary to  improve  existing
  contracting   and   payment   methods   between   state   agencies   and
  not-for-profit organizations.  The office of the state comptroller shall
  transmit such report by May thirty-first of each year to  the  governor,
  the  temporary  president and minority leader of the senate, the speaker
  and the minority leader of the assembly, the director of the division of
  the budget, the  chairman  of  the  senate  finance  committee  and  the
  chairman of the assembly ways and means committee.
    2.  The office of the state comptroller shall, not later than one year
  after the date on which the act enacting this article shall have  become
  a  law,  report  to  the  governor, the temporary president and minority
  leader of the senate, the speaker and minority leader of  the  assembly,
  the  director  of the division of the budget, the chairman of the senate
  finance committee and the  chairman  of  the  assembly  ways  and  means
  committee  on the impact of the not-for-profit short-term revolving loan
  fund in avoiding negative  impacts  on  working  capital  or  cash  flow
  problems  experienced by not-for-profit organizations when entering into
  contracts with state agencies. In examining the impact of the loan  fund
  on  not-for-profit  organizations  providing services on behalf of state
  agencies,  the  comptroller  shall  make   any   recommendation   deemed
  necessary,  including,  but  not limited to, whether: prompt contracting
  and payment by state  agencies  has  reduced  the  financial  strain  on
  not-for-profit  organizations;  the  amount  of  money  in the loan fund
  should be increased; the maximum loan a not-for-profit organization  may
  receive   from   the  loan  fund  should  be  increased;  not-for-profit
  organizations providing  services  pursuant  to  contracts  with  public
  benefit  corporations  should  be able to access the loan fund; and, any
  additional legislation is necessary to further improve  the  loan  fund.
  Such report shall also include information regarding the number of loans
  made  by  the  fund,  the  amount  of  each loan and any other pertinent
  information pertaining to the operation of the loan fund.
    3. The office of the state comptroller and the  office  of  management
  and  productivity  shall jointly prepare a report examining the issue of
  prompt contracting for seasonal programs and shall make  recommendations
  for  action  which  will  assure  expeditious contracting and payment to
  ensure stability of funding and provision of service. Such report  shall
  be  delivered  to  the  governor,  the  temporary president and minority
  leader of the senate, the speaker and minority leader of  the  assembly,
  the  director  of the division of the budget, the chairman of the senate
  finance committee and the  chairman  of  the  assembly  ways  and  means
  committee  not  later  than  thirty days after the date on which the act
  enacting this article shall have become a law.