N.Y. Urban Development Corporation Act 174/68 § 30: Reports and evaluations

§ 30. Reports and evaluations. (a) Annual fiscal report. The

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

finance committee, the chairman of the assembly ways and means

committee, the comptroller and the director of the budget within 6

months after the end of its fiscal year, a complete and detailed report

setting forth: (1) its operations and accomplishments; (2) its receipts

and expenditures during such fiscal year in accordance with the

categories or classifications established by the corporation for its

operating and capital outlay purposes, including a listing of all

private consultants engaged by the corporation on a contract basis and a

statement of the total amount paid to each such private consultant; (3)

its assets and liabilities at the end of its fiscal year, including a

schedule of its leases and mortgages and the status of reserve, special

or other funds; and (4) a schedule of its bonds and notes outstanding at

the end of its fiscal year, together with a statement of the amounts

redeemed and incurred during such fiscal year.

(b) Annual program report. The corporation shall report on an annual

basis beginning October 1, 2005, and on each October 1 thereafter, to

the governor, the chairpersons of the senate committees on finance,

commerce, economic development and small business, and corporations,

authorities and commissions, the chairpersons of the assembly committees

on ways and means, economic development, job creation, commerce and

industry, corporations, authorities and commissions, and small business

on each of the financial assistance programs, and for each program, each

category of assistance administered by the corporation, identifying each

proposal for assistance through such program for which the corporation

has received a formal application or otherwise has begun to undertake an

analysis.

(1) 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.

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

development of proposed projects, the corporation 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.

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

established pursuant to section 230 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.

(4) 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.

(5) The corporation shall make available to each of the legislative

committees specified in this subdivision, a copy of the materials

provided to its board prior to each board meeting.

(c) Evaluations. (1) In addition to any other requirements imposed by

the act or otherwise regarding evaluations of programs administered by

the corporation, 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 distressed and

highly distressed communities, and, if applicable, the repayment

experience of borrowers of funds from the corporation.

(2) (i) In the case of any assistance programs administered by the

corporation for which independent evaluations are not otherwise

required, the corporation shall submit to the director of the budget,

the chairperson of the senate finance committee and the chairperson of

the assembly ways and means committee an evaluation of such programs

prepared by an entity independent of the corporation. Such evaluations

shall be submitted by September 1, 2005 and by September 1 every four

years thereafter.

(ii) Between evaluation due dates, the corporation shall maintain the

necessary records and data required to satisfy such evaluation

requirements and to satisfy information requests received from the

director of the budget, the chairperson of the senate finance committee

and the chairperson of the assembly ways and means committee between

such evaluation due dates.