N.Y. Banking Law § 228-f: Reports

§ 228-f. Reports. 1. The investment companies shall make an annual

report of their conditions to the governor, the legislature and the

superintendent of financial services, on or before January first of each

year.

2. Commencing January first, nineteen hundred ninety-five, such annual

report shall contain but not be limited to the following:

(a) information on the cost and source of funds and capital and the

total allowable amount available from the voting shareholders, and the

maximum amount committed by each individual voting shareholder;

(b) classification of the businesses in the investment companies'

portfolio by standard industrial code;

(c) information on the types of financing provided by the investment

companies, including start-up, venture, operating or working capital

loans, the size and term of loans, and a breakdown of investments by

senior debt, subordinated debt and equity financing;

(d) information on interest rates of loans, including the percentage

of fixed and variable rate loans;

(e) information on how the NYSBIC is fulfilling its mission to provide

small businesses with credit assistance, particularly where general

economic and historical conditions have prevented traditional capital

sources from extending credit to such small business;

(f) information on how the NYSSBIC is fulfilling its mission to

provide credit assistance to facilitate small business ownership by

minorities, persons who reside in highly distressed area and

neighborhood based alliance communities and persons eligible for the

earned income credit as provided by paragraph (b) of subdivision one of

section two hundred twenty-eight-c of this article;

(g) information on resources and actions taken to advance the

investment companies' marketing programs, including their coordination

and efforts to solicit the assistance of local bankers and local

economic development corporations, the state department of economic

development, the job development authority, the urban development

corporation, the science and technology foundation, the state university

of New York small business development centers, the centers for advanced

technology and other New York state agencies and organizations the

investment companies deem appropriate.