2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 8 - New York Job Development Authority Subtitle I General Provisions › Sub Title 5 - Subtitle v Miscellaneous Provisions › 1829 - Submission of Certain Financial Information.

§  1829. Submission of certain financial information. 1. The authority
shall submit to  the  governor,  the  chairman  of  the  senate  finance
committee, the chairman of the assembly ways and means committee and the
director of the budget, annually sixty days prior to the commencement of
its  fiscal  year,  (a)  a copy of its strategic plan, for its next five
fiscal years, adopted in accordance with the requirements of subdivision
thirteen-a of section eighteen hundred four of this title;  and  (b)  in
such  form  or forms as may be prescribed by the director of the budget,
financial information on its operations  and  loans  setting  forth  its
estimated  income and moneys to be otherwise available, its expenditures
and its loan activity for the next fiscal year and  the  current  fiscal
year  of the authority, the actual moneys, income, expenditures and loan
activity for the last  completed  fiscal  year  of  the  authority,  (c)
proposed  changes, if any, in its charges and fees in respect of project
applications and loans and  (d)  information  regarding  the  manner  in
which,  and  the  extent to which, the authority's activities during the
last completed fiscal year and during the  first  half  of  the  current
fiscal  year have served to further the goals and objectives and achieve
the operational targets set forth in the strategic plan adopted pursuant
to subdivision thirteen-a of  section  eighteen  hundred  four  of  this
title.
2.  The  annual  report  submitted  by  the  authority pursuant to the
provisions of section twenty-eight hundred of  this  chapter  shall  set
forth,  in  addition  to  the  items  enumerated  in such section, (a) a
schedule of  its  loans  which  shall  indicate  the  local  development
corporation  through  which financial assistance has been granted by the
authority and the project occupant or the business enterprise  described
in  section  eighteen  hundred  twenty-seven  of  this  chapter for each
assisted project, and information on the number of jobs projected to  be
created and the number projected to be retained by each of such assisted
projects;  and,  based  on  the  latest  information  available  to  the
authority, the number of jobs actually created to date  and  the  number
actually retained to date by each of such assisted projects; and
(b)  a  listing  of  all  bond  counsel, accountants and other private
consultants engaged by the authority on a contract basis and a statement
of the total amount paid and yet to be paid under  each  such  contract;
and
(c)  a  schedule  of all disbursements and commitments provided by the
authority from funds the authority administers on behalf of the  federal
government including:
(i)  grants,  loans and loan guarantees for all projects undertaken by
the fund;
(ii) administrative and operating expenses charged to the fund;
(iii) transfers of moneys from the fund to other fund accounts of  the
authority; and
(iv)  any  and  all  other  information  that  may be requested by the
director of the budget, chair of the senate finance committee and  chair
of the assembly ways and means committee; and
(d)  a  schedule  of  all  receipts  and  receivables  received by the
authority into the funds the authority  administers  on  behalf  of  the
federal government including:
(i)  transfer  of  moneys  to the fund from other fund accounts of the
authority;
(ii) income received by the fund from loans, loan guarantees,  charges
and all other sources; and
(iii)  any  and  all  other  information  that may be requested by the
director of the budget, chair of the senate finance committee and  chair
of the assembly ways and means committee.