N.Y. Public Authorities Law § 1829: Submission of certain financial information

§ 1829. Submission of certain financial information. 1. The authority

shall submit to the governor, the chairman of the senate finance

committee, the chairman of the assembly ways and means committee and the

director of the budget, annually sixty days prior to the commencement of

its fiscal year, (a) a copy of its strategic plan, for its next five

fiscal years, adopted in accordance with the requirements of subdivision

thirteen-a of section eighteen hundred four of this title; and (b) in

such form or forms as may be prescribed by the director of the budget,

financial information on its operations and loans setting forth its

estimated income and moneys to be otherwise available, its expenditures

and its loan activity for the next fiscal year and the current fiscal

year of the authority, the actual moneys, income, expenditures and loan

activity for the last completed fiscal year of the authority, (c)

proposed changes, if any, in its charges and fees in respect of project

applications and loans and (d) information regarding the manner in

which, and the extent to which, the authority's activities during the

last completed fiscal year and during the first half of the current

fiscal year have served to further the goals and objectives and achieve

the operational targets set forth in the strategic plan adopted pursuant

to subdivision thirteen-a of section eighteen hundred four of this

title.

2. The annual report submitted by the authority pursuant to the

provisions of section twenty-eight hundred of this chapter shall set

forth, in addition to the items enumerated in such section, (a) a

schedule of its loans which shall indicate the local development

corporation through which financial assistance has been granted by the

authority and the project occupant or the business enterprise described

in section eighteen hundred twenty-seven of this chapter for each

assisted project, and information on the number of jobs projected to be

created and the number projected to be retained by each of such assisted

projects; and, based on the latest information available to the

authority, the number of jobs actually created to date and the number

actually retained to date by each of such assisted projects; and

(b) a listing of all bond counsel, accountants and other private

consultants engaged by the authority on a contract basis and a statement

of the total amount paid and yet to be paid under each such contract;

and

(c) a schedule of all disbursements and commitments provided by the

authority from funds the authority administers on behalf of the federal

government including:

(i) grants, loans and loan guarantees for all projects undertaken by

the fund;

(ii) administrative and operating expenses charged to the fund;

(iii) transfers of moneys from the fund to other fund accounts of the

authority; and

(iv) any and all other information that may be requested by the

director of the budget, chair of the senate finance committee and chair

of the assembly ways and means committee; and

(d) a schedule of all receipts and receivables received by the

authority into the funds the authority administers on behalf of the

federal government including:

(i) transfer of moneys to the fund from other fund accounts of the

authority;

(ii) income received by the fund from loans, loan guarantees, charges

and all other sources; and

(iii) any and all other information that may be requested by the

director of the budget, chair of the senate finance committee and chair

of the assembly ways and means committee.