N.Y. Comp. Codes R. & Regs. tit. 18 § 801.10

Current through Register Vol. 46, No. 45, November 2, 2024

Section 801.10 - Reports

(a) Statement filing. The corporation will, within 30 days after adoption of this Part, file a copy of such Part, and any amendments thereto, with the State Comptroller, the Director of the Budget, the Chairman of the Senate Finance Committee, and the Chairman of the Assembly Ways and Means Committee.

(b) Annual report. Within 90 days after the end of each fiscal year, the corporation will prepare an annual report on the scope and implementation of this prompt payment policy. The report will include, but not be limited to, the following:

(1) a listing of the types or categories of contracts which the corporation entered into during the 12-month period of the report with an indication whether each such contract was subject to the prompt payment requirements, and if not, why not;

(2) the number and amount of interest payments made for contracts, arranged according to each such type or category;

(3) the number of interest chargeable days, and the total number of days taken to process each late contract payment; and

(4) a summary of the principal reasons why such late payments had to be made.

Copies of this report must be filed with the State Comptroller, the Director of the Budget, the Chairman of the Senate Finance Committee and the Chairman of the Assembly Ways and Means Committee.

N.Y. Comp. Codes R. & Regs. Tit. 18 § 801.10