New York Codes, Rules and Regulations
Title 21 - Miscellaneous
Chapter LXXII - Natural Heritage Trust
Part 9500 - Prompt Payment Of Bills
Section 9500.10 - Annual report
Universal Citation: 21 NY Comp Codes Rules and Regs ยง 9500.10
Current through Register Vol. 46, No. 12, March 20, 2024
(a) The trust shall annually prepare a report on the scope and implementation of this Part, which shall include, but not be limited to:
(1) a listing of the types or categories of
contracts which the trust entered into during the 12-month period covered by
the report, together with a brief indication of whether each such type or
category of contract was subject to the provisions of this Part, 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 the total number of days taken to process each
late contract payment; and
(4) a
summary of the principal reasons that such late payments occurred.
(b) Within 90 days after the completion of its fiscal year, the trust shall file copies of the report required by subdivision (a) of this section with the State Comptroller, the director of the Division of the Budget, the Chairman of the Senate Finance Committee and the Chairman of the Assembly Ways and Means Committee.
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