N.Y. Public Authorities Law § 3155: Reporting requirements

§ 3155. Reporting requirements. 1. The foundation shall submit an

annual report, beginning on the first of February, two thousand seven,

to the governor, the speaker of the assembly, and the temporary

president of the senate on the operations and accomplishments of: (a)

each program it administers, (b) all programs authorized by this

article, and (c) in cooperation with the urban development corporation,

the centers of excellence created by section three of part T of chapter

eighty-four of the laws of two thousand two.

2. The annual report shall provide, but not be limited to, the

following information:

(a) for the research development program and the James D. Watson

investigator program, authorized under sections two hundred nine-p and

two hundred nine-s of the executive law, the amount of the award, the

name of the institution receiving the award, the name of the faculty

member or investigator hired and his or her significant academic

accomplishments, the research funds awarded and the number of graduate

students or research personnel collaborating with the award recipient;

(b) for each award under all other programs:

(i) the amount of state funds and any federal, local, or private

matching funds, including in-kind contributions;

(ii) a description of the project and any activities undertaken

including, if applicable, the identification of any collaborating

private sector partners;

(iii) the number of full-time public, private, and nonprofit sector

jobs created and/or retained in the state as a direct result of

activities undertaken with state funds, and the methodology utilized to

determine such number;

(iv) the number of start-up businesses created and existing businesses

assisted as a direct or indirect result of the award;

(v) the extent to which the project has or will lead to an increase in

the pool of venture capital for a specific technology that is of

importance to the industry in this state;

(vi) the actual or anticipated invention, development, or refinement

of any new products and processes with commercial application of

importance to the industries in the state;

(vii) any outreach to the surrounding communities to encourage or

accommodate economic growth;

(viii) a description of any relationships with elementary and

secondary schools and community colleges designed to foster student

interest in scientific and technical careers or provide workforce

training;

(ix) the terms of each research sponsorship agreement, intellectual

property ownership agreement, intellectual property license agreement,

or any other agreements entered into between the state funded research

institutions and each research partner in the preceding calendar year

regarding any provisions for financial return to the university, the

state and to research partners, including, but not limited to, the

amount of up front royalty income to the state funded institution, any

milestone payments due to the state funded institution, and, the

percentage of royalties due to the state funded institutions;

(x) number of patents awarded to the college or university as a direct

result of research related to the award and income generated from the

licensure or sale of such intellectual property; and

(xi) any other information deemed appropriate by the director.