Section 242. Monitoring and reporting  


Latest version.
  • 1. The corporation shall require
      periodic reports or other information the  corporation  deems  necessary
      from  lenders  and  borrowers  on  the status of the linked loan and the
      eligible projects to ensure  compliance  with  the  provisions  and  the
      intent of this article.
        2.  On  or  before  February  first,  two  thousand  ten, and annually
      thereafter, the corporation shall submit to the governor, the  temporary
      president  of  the  senate  and  the  speaker  of  the assembly a report
      regarding the activities of the programs. Such report shall include, but
      shall not be limited to, the number and type of linked loans under  each
      of  the  programs and the amount thereof; the number and type of lenders
      making linked  loans  and  of  borrowers  receiving  linked  loans;  the
      geographic  distribution  of  such lenders and borrowers; as well as any
      information the corporation determines useful in evaluating the benefits
      of the programs.