Legislation

Search OpenLegislation Statutes

This entry was published on 2017-07-21
The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.
SECTION 1829
Submission of certain financial information
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 8, TITLE 8, SUBTITLE 5
§ 1829. Submission of certain financial information. 1. The authority
shall submit to the governor, the chairman of the senate finance
committee, the chairman of the assembly ways and means committee and the
director of the budget, annually sixty days prior to the commencement of
its fiscal year, (a) a copy of its strategic plan, for its next five
fiscal years, adopted in accordance with the requirements of subdivision
thirteen-a of section eighteen hundred four of this title; and (b) in
such form or forms as may be prescribed by the director of the budget,
financial information on its operations and loans setting forth its
estimated income and moneys to be otherwise available, its expenditures
and its loan activity for the next fiscal year and the current fiscal
year of the authority, the actual moneys, income, expenditures and loan
activity for the last completed fiscal year of the authority, (c)
proposed changes, if any, in its charges and fees in respect of project
applications and loans and (d) information regarding the manner in
which, and the extent to which, the authority's activities during the
last completed fiscal year and during the first half of the current
fiscal year have served to further the goals and objectives and achieve
the operational targets set forth in the strategic plan adopted pursuant
to subdivision thirteen-a of section eighteen hundred four of this
title.

2. The annual report submitted by the authority pursuant to the
provisions of section twenty-eight hundred of this chapter shall set
forth, in addition to the items enumerated in such section, (a) a
schedule of its loans which shall indicate the local development
corporation through which financial assistance has been granted by the
authority and the project occupant or the business enterprise described
in section eighteen hundred twenty-seven of this chapter for each
assisted project, and information on the number of jobs projected to be
created and the number projected to be retained by each of such assisted
projects; and, based on the latest information available to the
authority, the number of jobs actually created to date and the number
actually retained to date by each of such assisted projects; and

(b) a listing of all bond counsel, accountants and other private
consultants engaged by the authority on a contract basis and a statement
of the total amount paid and yet to be paid under each such contract;
and

(c) a schedule of all disbursements and commitments provided by the
authority from funds the authority administers on behalf of the federal
government including:

(i) grants, loans and loan guarantees for all projects undertaken by
the fund;

(ii) administrative and operating expenses charged to the fund;

(iii) transfers of moneys from the fund to other fund accounts of the
authority; and

(iv) any and all other information that may be requested by the
director of the budget, chair of the senate finance committee and chair
of the assembly ways and means committee; and

(d) a schedule of all receipts and receivables received by the
authority into the funds the authority administers on behalf of the
federal government including:

(i) transfer of moneys to the fund from other fund accounts of the
authority;

(ii) income received by the fund from loans, loan guarantees, charges
and all other sources; and

(iii) any and all other information that may be requested by the
director of the budget, chair of the senate finance committee and chair
of the assembly ways and means committee.