N.Y. State Finance Law § 179-bb: Reports

§ 179-bb. Reports. 1. Each state agency contracting with

not-for-profit organizations shall annually prepare and transmit a

report to the office of the state comptroller by March thirty-first of

each year. Such report, which shall be made available to the public by

the office of the state comptroller, shall include, but not be limited

to, information regarding the number of programs affected by this

article, the ability of the state agency to meet the time frames

described within this article, the number of programs, contracts,

renewal contracts both complying and failing to comply with the time

frames set forth in this article and the amount of interest paid. The

office of the state comptroller shall prepare an annual report examining

the effectiveness and implementation of prompt contracting and payment

as required by this article. In addition to examining the effectiveness

and implementation of this article, the office of the state comptroller

shall make any recommendations they deem necessary to improve existing

contracting and payment methods between state agencies and

not-for-profit organizations. The office of the state comptroller shall

transmit such report by May thirty-first of each year to the governor,

the temporary president and minority leader of the senate, the speaker

and the minority leader of the assembly, the director of the division of

the budget, the chairman of the senate finance committee and the

chairman of the assembly ways and means committee.

2. The office of the state comptroller shall, not later than one year

after the date on which the act enacting this article shall have become

a law, report to the governor, the temporary president and minority

leader of the senate, the speaker and minority leader of the assembly,

the director of the division of the budget, the chairman of the senate

finance committee and the chairman of the assembly ways and means

committee on the impact of the not-for-profit short-term revolving loan

fund in avoiding negative impacts on working capital or cash flow

problems experienced by not-for-profit organizations when entering into

contracts with state agencies. In examining the impact of the loan fund

on not-for-profit organizations providing services on behalf of state

agencies, the comptroller shall make any recommendation deemed

necessary, including, but not limited to, whether: prompt contracting

and payment by state agencies has reduced the financial strain on

not-for-profit organizations; the amount of money in the loan fund

should be increased; the maximum loan a not-for-profit organization may

receive from the loan fund should be increased; not-for-profit

organizations providing services pursuant to contracts with public

benefit corporations should be able to access the loan fund; and, any

additional legislation is necessary to further improve the loan fund.

Such report shall also include information regarding the number of loans

made by the fund, the amount of each loan and any other pertinent

information pertaining to the operation of the loan fund.

3. The office of the state comptroller and the office of management

and productivity shall jointly prepare a report examining the issue of

prompt contracting for seasonal programs and shall make recommendations

for action which will assure expeditious contracting and payment to

ensure stability of funding and provision of service. Such report shall

be delivered to the governor, the temporary president and minority

leader of the senate, the speaker and minority leader of the assembly,

the director of the division of the budget, the chairman of the senate

finance committee and the chairman of the assembly ways and means

committee not later than thirty days after the date on which the act

enacting this article shall have become a law.