Legislation
SECTION 1829-A
Submission of certain program information
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 8, TITLE 8, SUBTITLE 5
§ 1829-a. Submission of certain program information. 1. Annual program
report. The authority shall report on an annual basis beginning December
thirty-first, nineteen hundred ninety-three, and on each December
thirty-first thereafter, to the governor, the speaker of the assembly
and the temporary president of the senate on each of the financial
assistance programs, and for each program, each category of assistance
administered by the authority, identifying each proposal for assistance
through such program for which the authority has received a formal
application or otherwise has begun to undertake an analysis.
(a) 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.
(b) In providing such report, where necessary to promote the
development of proposed projects, the authority 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.
(c) Such report shall provide a breakdown, for each of the regions
established pursuant to section two hundred thirty 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.
(d) 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.
(e) Such report shall include a description of the efforts and
activities of the authority to meet the financing needs of economically
distressed areas as described in paragraph (a) of subdivision seven of
section eighteen hundred twenty-three of this chapter, and a description
of the authority's efforts and activities with regard to companies in
need of special assistance as described in such paragraph (a).
2. Evaluations. (a) In addition to any other requirements imposed by
this chapter or otherwise regarding evaluations of programs administered
by the authority, 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 economically
distressed areas as described in paragraph (a) of subdivision seven of
section eighteen hundred twenty-three of this chapter, the number of
projects involving companies in need of special assistance as described
in such paragraph (a) and, if applicable, the repayment experience of
borrowers of funds from the authority.
(b) The authority shall submit to the governor, the speaker of the
assembly, and the temporary president of the senate an evaluation of
such programs prepared by an entity independent of the authority. Such
evaluations shall be submitted by September first, nineteen hundred
ninety-four and by September first every four years thereafter.
report. The authority shall report on an annual basis beginning December
thirty-first, nineteen hundred ninety-three, and on each December
thirty-first thereafter, to the governor, the speaker of the assembly
and the temporary president of the senate on each of the financial
assistance programs, and for each program, each category of assistance
administered by the authority, identifying each proposal for assistance
through such program for which the authority has received a formal
application or otherwise has begun to undertake an analysis.
(a) 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.
(b) In providing such report, where necessary to promote the
development of proposed projects, the authority 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.
(c) Such report shall provide a breakdown, for each of the regions
established pursuant to section two hundred thirty 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.
(d) 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.
(e) Such report shall include a description of the efforts and
activities of the authority to meet the financing needs of economically
distressed areas as described in paragraph (a) of subdivision seven of
section eighteen hundred twenty-three of this chapter, and a description
of the authority's efforts and activities with regard to companies in
need of special assistance as described in such paragraph (a).
2. Evaluations. (a) In addition to any other requirements imposed by
this chapter or otherwise regarding evaluations of programs administered
by the authority, 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 economically
distressed areas as described in paragraph (a) of subdivision seven of
section eighteen hundred twenty-three of this chapter, the number of
projects involving companies in need of special assistance as described
in such paragraph (a) and, if applicable, the repayment experience of
borrowers of funds from the authority.
(b) The authority shall submit to the governor, the speaker of the
assembly, and the temporary president of the senate an evaluation of
such programs prepared by an entity independent of the authority. Such
evaluations shall be submitted by September first, nineteen hundred
ninety-four and by September first every four years thereafter.