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Reports and evaluations
Urban Development Corporation Act 174/68 (UDA) CHAPTER INTRO
§ 30. Reports and evaluations. (a) Annual fiscal report. The
corporation shall submit to the governor, the chairman of the senate
finance committee, the chairman of the assembly ways and means
committee, the comptroller and the director of the budget within 6
months after the end of its fiscal year, a complete and detailed report
setting forth: (1) its operations and accomplishments; (2) its receipts
and expenditures during such fiscal year in accordance with the
categories or classifications established by the corporation for its
operating and capital outlay purposes, including a listing of all
private consultants engaged by the corporation on a contract basis and a
statement of the total amount paid to each such private consultant; (3)
its assets and liabilities at the end of its fiscal year, including a
schedule of its leases and mortgages and the status of reserve, special
or other funds; and (4) a schedule of its bonds and notes outstanding at
the end of its fiscal year, together with a statement of the amounts
redeemed and incurred during such fiscal year.

(b) Annual program report. The corporation shall report on an annual
basis beginning October 1, 2005, and on each October 1 thereafter, to
the governor, the chairpersons of the senate committees on finance,
commerce, economic development and small business, and corporations,
authorities and commissions, the chairpersons of the assembly committees
on ways and means, economic development, job creation, commerce and
industry, corporations, authorities and commissions, and small business
on each of the financial assistance programs, and for each program, each
category of assistance administered by the corporation, identifying each
proposal for assistance through such program for which the corporation
has received a formal application or otherwise has begun to undertake an

(1) For those requests which are currently being evaluated but which
have not yet been approved such description shall include, but not be
limited to, the name and location of the applicant, the amount of
assistance requested, the date of receipt of such request, and the
status of such request.

(2) In providing such report, where necessary to promote the
development of proposed projects, the corporation may delete references
to the specific names of the participants, instead making references to
them in some other form so as to make it possible to identify the
progress of specific proposals.

(3) Such report shall provide a breakdown, for each of the regions
established pursuant to section 230 of the economic development law, of
proposals for assistance through each program. In addition, such report
shall summarize, by program, the data reported pursuant to this

(4) For those requests which have been evaluated and for which no
further action has been recommended, the corporation shall present
summary data indicating why no further action was taken.

(5) The corporation shall make available to each of the legislative
committees specified in this subdivision, a copy of the materials
provided to its board prior to each board meeting.

(c) Evaluations. (1) In addition to any other requirements imposed by
the act or otherwise regarding evaluations of programs administered by
the corporation, each evaluation shall include an analysis of the job
creation effect of such program, the number of small businesses that
received assistance, the number of minority and women-owned firms that
received assistance, the number of projects undertaken in distressed and
highly distressed communities, and, if applicable, the repayment
experience of borrowers of funds from the corporation.

(2) (i) In the case of any assistance programs administered by the
corporation for which independent evaluations are not otherwise
required, 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 such programs
prepared by an entity independent of the corporation. Such evaluations
shall be submitted by September 1, 2005 and by September 1 every four
years thereafter.

(ii) 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.