N.Y. Public Authorities Law § 1829-a: Submission of certain program information

§ 1829-a. Submission of certain program information. 1. Annual program

report. The authority shall report on an annual basis beginning December

thirty-first, nineteen hundred ninety-three, and on each December

thirty-first thereafter, to the governor, the speaker of the assembly

and the temporary president of the senate on each of the financial

assistance programs, and for each program, each category of assistance

administered by the authority, identifying each proposal for assistance

through such program for which the authority has received a formal

application or otherwise has begun to undertake an analysis.

(a) For those requests which are currently being evaluated but which

have not yet been approved such description shall include, but not be

limited to, the name and location of the applicant, the amount of

assistance requested, the date of receipt of such request, and the

status of such request.

(b) In providing such report, where necessary to promote the

development of proposed projects, the authority may delete references to

the specific names of the participants, instead making references to

them in some other form so as to make it possible to identify the

progress of specific proposals.

(c) Such report shall provide a breakdown, for each of the regions

established pursuant to section two hundred thirty of the economic

development law, of proposals for assistance through each program. In

addition, such report shall summarize, by program, the data reported

pursuant to this paragraph.

(d) For those requests which have been evaluated and for which no

further action has been recommended, the corporation shall present

summary data indicating why no further action was taken.

(e) Such report shall include a description of the efforts and

activities of the authority to meet the financing needs of economically

distressed areas as described in paragraph (a) of subdivision seven of

section eighteen hundred twenty-three of this chapter, and a description

of the authority's efforts and activities with regard to companies in

need of special assistance as described in such paragraph (a).

2. Evaluations. (a) In addition to any other requirements imposed by

this chapter or otherwise regarding evaluations of programs administered

by the authority, each evaluation shall include an analysis of the job

creation effect of such program, the number of small businesses that

received assistance, the number of minority and women-owned firms that

received assistance, the number of projects undertaken in economically

distressed areas as described in paragraph (a) of subdivision seven of

section eighteen hundred twenty-three of this chapter, the number of

projects involving companies in need of special assistance as described

in such paragraph (a) and, if applicable, the repayment experience of

borrowers of funds from the authority.

(b) The authority shall submit to the governor, the speaker of the

assembly, and the temporary president of the senate an evaluation of

such programs prepared by an entity independent of the authority. Such

evaluations shall be submitted by September first, nineteen hundred

ninety-four and by September first every four years thereafter.