NY State Fin L § 179-BB (2021)
2021 New York Laws STF - State Finance Article 11-B - Prompt Contracting and Interest Payments for Not-for-Profit Organizations 179-BB - Reports.

§   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.