Legislation
SECTION 242
Monitoring and reporting
State Finance (STF) CHAPTER 56, ARTICLE 16
§ 242. Monitoring and reporting. 1. The corporation shall require
periodic reports or other information the corporation deems necessary
from lenders and borrowers on the status of the linked loan and the
eligible projects to ensure compliance with the provisions and the
intent of this article.
2. On or before February first, two thousand ten, and annually
thereafter, the corporation shall submit to the governor, the temporary
president of the senate and the speaker of the assembly a report
regarding the activities of the programs. Such report shall include, but
shall not be limited to, the number and type of linked loans under each
of the programs and the amount thereof; the number and type of lenders
making linked loans and of borrowers receiving linked loans; the
geographic distribution of such lenders and borrowers; as well as any
information the corporation determines useful in evaluating the benefits
of the programs.
periodic reports or other information the corporation deems necessary
from lenders and borrowers on the status of the linked loan and the
eligible projects to ensure compliance with the provisions and the
intent of this article.
2. On or before February first, two thousand ten, and annually
thereafter, the corporation shall submit to the governor, the temporary
president of the senate and the speaker of the assembly a report
regarding the activities of the programs. Such report shall include, but
shall not be limited to, the number and type of linked loans under each
of the programs and the amount thereof; the number and type of lenders
making linked loans and of borrowers receiving linked loans; the
geographic distribution of such lenders and borrowers; as well as any
information the corporation determines useful in evaluating the benefits
of the programs.