§ 603. Evaluation by the board of regents. On or before January
first, nineteen hundred seventy-six, and annually thereafter on or
before December first, the board of regents shall make a report to the
governor and the temporary president of the senate, the speaker of the
assembly, the senate finance committee, the assembly ways and means
committee and the standing committees of the legislature having
jurisdiction of higher education evaluating all financial assistance and
loan programs established by this article, which report shall contain
such recommendations as the regents may deem appropriate.