§ 9-d. Reports and evaluation. (1) Reporting. The corporation shall,
on or before October 1, 1988 and on or before each October first
thereafter, submit a report to the governor and the legislature on the
operations and accomplishments of the small and medium-sized business
assistance program. The report to be submitted on October 1, 2005 and on
or before each October first thereafter shall be consolidated with the
annual program report of the corporation required under the provisions
of subdivision (b) of section thirty of this act, as amended.

(2) Evaluation. (a) The corporation shall submit to the director of
the budget, the chairperson of the senate finance committee and the
chairperson of the assembly ways and means committee an evaluation of
the small and medium-sized business assistance program prepared by an
entity independent of the corporation. Such an evaluation shall be
submitted by September 1, 2005 and by September first every four years
thereafter.

(b) Between evaluation due dates, the corporation shall maintain the
necessary records and data required to satisfy such evaluation
requirements and to satisfy information requests received from the
director of the budget, the chairperson of the senate finance committee
and the chairperson of the assembly ways and means committee between
such evaluation due dates.