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This entry was published on 2021-04-23
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SECTION 478
Reporting
Economic Development Law (COM) CHAPTER 15, ARTICLE 25
§ 478. Reporting. Each business entity participating in this program
must submit a performance report to the department at a time prescribed
in regulations by the commissioner. The commissioner shall on or before
April first, two thousand twenty-two and every quarter thereafter, until
program funds are fully expended, submit a report to the governor, the
temporary president of the senate, the speaker of the assembly, the
chair of the senate finance committee, and the chair of the assembly
ways and means committee, setting forth the activities undertaken by the
program. Such report shall include, but not necessarily be limited to,
the following in each reporting period: total number of participants
approved and the economic development region in which the business is
located; total amount of advance payments disbursed and tax credits
claimed, and average amount of advance payments disbursed and tax credit
claimed; names of advance payment recipients and tax credits claimed;
total number of rehired jobs created; and such other information as the
commissioner determines necessary and appropriate to effectuate the
purpose of the program. Such reports shall, at the same time, be
included on the department's website and any other publicly accessible
database that list economic development programs as determined by the
department.