21 CRR-NY 4214.4NY-CRR
21 CRR-NY 4214.4
21 CRR-NY 4214.4
4214.4 Reports.
(a) Statement filings.
Within 30 days of its adoption, and the adoption of any amendments thereto, UDC shall file a copy of this policy statement with the State Comptroller, the State 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 following January 1, 1989, UDC shall prepare an annual report on the scope and implementation of this prompt payment policy, which shall include, but not be limited to, the following:
(1) a listing of the types or categories of contracts which UDC entered into during the 12-month period covered by the report, together with an indication of whether each such type or category of contract was subject to the prompt payment regulations promulgated by UDC and, if not, why not;
(2) the number and amounts of interest payments made for contracts arranged according to each such type or category;
(3) the number of interest-chargeable days and total number of days taken to process each late contract payment; and
(4) a summary of the principal reasons that such late payment occurred.
Copies of this report shall be filed with the State Comptroller, the State Director of the Budget, the Chairman of the Senate Finance Committee, and the Chairman of the Assembly Ways and Means Committee within 90 days after the completion of UDC's fiscal year.
21 CRR-NY 4214.4
Current through September 15, 2021
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IMPORTANT NOTE REGARDING CONTENT CURRENCY: JULY 31, 2023, is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Admisnistrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of the NYS Rules.