N.Y. Public Authorities Law Section 2419
Annual report


The agency 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 six 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 agency for its operating and capital outlay purposes, including a listing of all private consultants engaged by the agency 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 mortgages and the status of reserve, special or other funds;

(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;

(5)

a schedule of mortgages which have been insured during such year and mortgages for which there exists an outstanding commitment to insure and the status of the mortgage insurance fund and other funds established by the corporation; and with respect to the agency’s fiscal years ending after nineteen hundred eighty-five;

(6)

a breakdown by region (as defined in subdivision nine of § 2426 (Definitions)section two thousand four hundred twenty-six of this title) of the average income of recipients of SONYMA mortgage loans for such fiscal year, stated separately for SONYMA’s tax exempt and blended program and SONYMA’s taxable program;

(7)

a breakdown by region of the income distribution of recipients of SONYMA mortgage loans for such fiscal year, stated separately for SONYMA’s tax exempt and blended program and SONYMA’s taxable program; and

(8)

a breakdown by region of the average purchase price of structures acquired with SONYMA mortgage loans for such fiscal year, stated separately for SONYMA’s tax exempt and blended program and SONYMA’s taxable program. With respect to the schedule mentioned in item five hereof, such schedule shall be submitted within ninety days after the end of its fiscal year and shall be submitted to the temporary president of the senate and speaker of the assembly in addition to the aforementioned officers.

Source: Section 2419 — Annual report, https://www.­nysenate.­gov/legislation/laws/PBA/2419 (updated Sep. 22, 2014; accessed Jun. 15, 2024).

Accessed:
Jun. 15, 2024

Last modified:
Sep. 22, 2014

§ 2419’s source at nysenate​.gov

Link Style