N.Y. Education Law § 382: Annual report of trustees

§ 382. Annual report of trustees. 1. The fund shall submit to the

governor, the regents, the state university trustees, the legislature,

the chairs of the senate finance committee and the assembly ways and

means committee, annually on or before January first, a full report of

its activities and operations through the thirtieth day of the preceding

September, including details as to state university construction

projects in planning, in construction and completed, the performance

record of the fund in completing construction in accordance with the

desired completion dates and within the estimated costs recommended by

the governor and approved by the legislature, the architects, engineers

and other private consultants engaged by the fund on a contract basis

and a statement of the total amount paid and yet to be paid, or

estimated yet to be paid, under such contract, the letting agency and

successful bidder for each construction project, the moneys made

available for the purposes of the fund, details as to any lease

agreements executed by the fund and the annual rentals required to be

paid on account thereof, and such other information related to the

activities and operations of the fund as it may consider pertinent. Such

report shall also contain details as to all contracts which, pursuant to

section three hundred seventy-six of this chapter, have been entered

into without public letting where an emergency condition exists,

including the nature of such emergency condition and the state-operated

institution at which the condition occurred.

2. Notwithstanding the provisions of subdivision one of this section,

on or before November fifteenth of each year, the state university

construction fund shall submit, and thereafter may resubmit, to the

director of the budget, the state comptroller, the chairman of the

senate finance committee and the chairman of the assembly ways and means

committee a report setting forth the amounts, if any, of all annual

rentals and other payments estimated to become due in the succeeding

state fiscal year to the dormitory authority from the fund pursuant to

any leases, subleases or other agreements between the dormitory

authority and the fund entered into on or after July first, nineteen

hundred eighty-eight, to provide state university educational facilities

for the state university of New York. Such report shall separately state

the amount of income earned on the investment of moneys in the state

university construction fund educational facilities payment account

since the date of the last such report.