§ 30-a. With respect to applications for assistance submitted pursuant
to this act:

(a) The corporation shall, upon receipt of an application or other
formal request for funding for any project, provide notice of such
application or request within ten days of such receipt to the senator
and member of assembly representing the district in which such project
is to be located;

(b) The corporation shall provide copies of all correspondence
relating to each such application to such senator or member of assembly
on a timely basis; provided, however, that proprietary information may
be withheld from such correspondence if such senator and member of
assembly is given notice that such information has been withheld;

(c) Such senators and members of assembly shall be provided notice of
all proceedings relating to such application and shall be invited to
participate in such proceedings. A copy of such notice shall also be
provided to the designees of the temporary president of the senate and
the speaker of assembly;

(d) Such senators and members of assembly shall be provided with
notice of the final disposition of the application by the corporation
and the reasons for such disposition;

(e) In order to ensure that the funds appropriated for existing
statutory programs are approved in a equitable, ratable and timely
manner, the corporation shall:

(1) require all projects, including those in an amount of fifty
thousand dollars or less, be approved by the governing board of the
corporation and included in the agenda and the minutes of the meetings
of the board, accompanied by a summary of the proposed project and the
source of funds used to finance the project; and

(2) require projects to be financed out of the empire state economic
development fund be approved generally in amounts which are proportional
to amounts appropriated for the urban and community development program,
and the minority and women-owned business development and lending
program;

(f) The corporation shall accept no funds through transfer from the
department of economic development for personal or nonpersonal service
expenses, except for economic development program funds where such
transfer will facilitate the prompt and effective distribution of
program funds to projects, provided that those funds are used for the
statutory purposes for which they were appropriated to the department of
economic development;

(g) No later than twenty days after the end of each fiscal year
quarter, the chairman of the urban development corporation shall:

(1) report to the senate majority leader and the speaker of the
assembly on the status of all economic development programs administered
during the current fiscal year. Such report shall include but not be
limited to:

(A) a cumulative summary of commitments and disbursements by year of
original appropriation;

(B) the geographic distribution of approved projects;

(C) the extent to which approved projects are expected to create or
retain jobs in New York state; and

(D) the impact of approved projects, where quantified and available,
on distressed urban and rural communities, small- and medium-sized
businesses, and strategic industries.

(2) Copies of such report shall also be provided to the designees of
the temporary president of the senate and the speaker of the assembly in
both paper and electronic format;

(h) If: (1) such report is not submitted on or before the required
date, or (2) the corporation has failed to undertake a good faith effort
to comply with this act, upon a written determination of non-compliance
issued, not more than quarterly, by either the temporary president of
the senate or speaker of the assembly, the corporation agrees that it
shall approve no further project commitments from the empire state
economic development fund and no state funds appropriated from the local
assistance account shall be allocated to the corporation for such
commitments until such report is submitted or the corporation provides
evidence of good faith effort to be in compliance with provisions
hereof; and

(i) Upon the issuance of such a determination of non-compliance, the
corporation shall undertake the necessary acts to comply with this
agreement and shall provide evidence of such compliance within ten days
of receipt of such determination.