Section 222. Monitoring and report

1.  The  commissioner  of  economic
  development shall monitor the activities of  participating  lenders  and
  businesses  and  may  require  periodic reports or other information the
  commissioner of economic development deems necessary from  participating
  lenders  and  businesses  on  the  status  of  the  linked loans and the
  projects to ensure compliance with the provisions and the intent of this
  article.
    2. On or before February  first,  nineteen  hundred  ninety-five,  and
  annually  thereafter  the  commissioner  of  economic  development shall
  submit to the governor, the temporary president of the  senate  and  the
  speaker  of  the  assembly  a  report  regarding  the  activities of the
  program. Such report shall contain  a  statement  of  the  cost  of  the
  program  to  the  state  and  to the public authorities, considered as a
  whole, because of reduced rates on funds invested  in  linked  deposits.
  Such  report shall also include, but shall not be limited to, the number
  and type of linked loans under the program and the amount  thereof;  the
  number  and  types of lenders making linked loans and of firms receiving
  linked loans; the geographic distribution of such lenders and firms; the
  approximate number of jobs created  or  retained  as  a  result  of  the
  program; actions taken by the department of economic development and the
  banking  department  to secure the increased participation of lenders in
  economic development regions in which fewer than ten linked  loans  have
  been  made  on  or  before  April  first,  nineteen hundred ninety-five;
  actions taken by the department of economic development  to  secure  the
  increased   participation  of  public  authorities  and  public  benefit
  corporations pursuant to section ninety-two-v of this chapter;  as  well
  as  any information the commissioner determines useful in evaluating the
  economic benefits of the program.