N.Y. Facilities Development Corporation Act 359/68 § 15: Annual report of directors

§ 15. Annual report of directors. The directors of the corporation

shall submit to the governor, the state agency designated by him to

implement the federal comprehensive health planning and public health

services amendments of nineteen hundred sixty-six (Public Law 89-749),

the public health council, the mental hygiene council, the commissioners

of health and the offices of the department of mental hygiene, the

legislature, the chairman of the senate finance committee and the

chairman of the assembly ways and means committee, annually on or before

October first, a full report of its activities and operations through

the thirty-first day of the preceding March, including details as to

projects in planning, projects in the process of construction,

acquisition, reconstruction, rehabilitation or improvements, and

projects completed, the performance record of the directors in

completing construction in accordance with the desired completion dates

and within the estimated cost recommended by the governor and approved

by the legislature, the architects, engineers and other private

consultants engaged by the directors of the corporation on a contract

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

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

and successful bidder or bidders for each project, the monies made

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

sublease or agreement executed by the directors of the corporation with

the state housing finance agency or the state medical care facilities

finance agency, as the case may be, and the annual rentals required to

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

activities and operation of the corporation as the directors of the

corporation may consider pertinent.