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This entry was published on 2014-09-22
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SECTION 15
Annual report of directors
Facilities Development Corporation Act 359/68 (FDC) CHAPTER ROOT
§ 15. Annual report of directors. The directors of the corporation
shall submit to the governor, the state agency designated by him to
implement the federal comprehensive health planning and public health
services amendments of nineteen hundred sixty-six (Public Law 89-749),
the public health council, the mental hygiene council, the commissioners
of health and the offices of the department of mental hygiene, the
legislature, the chairman of the senate finance committee and the
chairman of the assembly ways and means committee, annually on or before
October first, a full report of its activities and operations through
the thirty-first day of the preceding March, including details as to
projects in planning, projects in the process of construction,
acquisition, reconstruction, rehabilitation or improvements, and
projects completed, the performance record of the directors in
completing construction in accordance with the desired completion dates
and within the estimated cost recommended by the governor and approved
by the legislature, the architects, engineers and other private
consultants engaged by the directors of the corporation on a contract
basis and a statement of the total amount paid and yet to be paid, or
estimated yet to be paid, under each such contract, the letting agency
and successful bidder or bidders for each project, the monies made
available for the purposes of the corporation, details as to any lease,
sublease or agreement executed by the directors of the corporation with
the state housing finance agency or the state medical care facilities
finance agency, as the case may be, and the annual rentals required to
be paid on account thereof, and such other information related to the
activities and operation of the corporation as the directors of the
corporation may consider pertinent.