N.Y.
Public Authorities Law Section 3155
Reporting requirements
1.
The foundation shall submit an annual report, beginning on the first of February, two thousand seven, to the governor, the speaker of the assembly, and the temporary president of the senate on the operations and accomplishments of:(a)
each program it administers, (b) all programs authorized by this article, and(c)
in cooperation with the urban development corporation, the centers of excellence created by section three of part T of chapter eighty-four of the laws of two thousand two.2.
The annual report shall provide, but not be limited to, the following information:(a)
for the research development program and the James D. Watson investigator program, authorized under sections two hundred nine-p and two hundred nine-s of the executive law, the amount of the award, the name of the institution receiving the award, the name of the faculty member or investigator hired and his or her significant academic accomplishments, the research funds awarded and the number of graduate students or research personnel collaborating with the award recipient;(b)
for each award under all other programs:(i)
the amount of state funds and any federal, local, or private matching funds, including in-kind contributions;(ii)
a description of the project and any activities undertaken including, if applicable, the identification of any collaborating private sector partners;(iii)
the number of full-time public, private, and nonprofit sector jobs created and/or retained in the state as a direct result of activities undertaken with state funds, and the methodology utilized to determine such number;(iv)
the number of start-up businesses created and existing businesses assisted as a direct or indirect result of the award;(v)
the extent to which the project has or will lead to an increase in the pool of venture capital for a specific technology that is of importance to the industry in this state;(vi)
the actual or anticipated invention, development, or refinement of any new products and processes with commercial application of importance to the industries in the state;(vii)
any outreach to the surrounding communities to encourage or accommodate economic growth;(viii)
a description of any relationships with elementary and secondary schools and community colleges designed to foster student interest in scientific and technical careers or provide workforce training;(ix)
the terms of each research sponsorship agreement, intellectual property ownership agreement, intellectual property license agreement, or any other agreements entered into between the state funded research institutions and each research partner in the preceding calendar year regarding any provisions for financial return to the university, the state and to research partners, including, but not limited to, the amount of up front royalty income to the state funded institution, any milestone payments due to the state funded institution, and, the percentage of royalties due to the state funded institutions;(x)
number of patents awarded to the college or university as a direct result of research related to the award and income generated from the licensure or sale of such intellectual property; and(xi)
any other information deemed appropriate by the director.
Source:
Section 3155 — Reporting requirements, https://www.nysenate.gov/legislation/laws/PBA/3155 (updated Sep. 22, 2014; accessed Oct. 26, 2024).
