§ 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.