New York Codes, Rules and Regulations
Title 21 - Miscellaneous
Chapter XVI - Hudson River Park Trust
Part 753 - Prompt Payment Policy
Section 753.5 - Annual report
Universal Citation: 21 NY Comp Codes Rules and Regs ยง 753.5
Current through Register Vol. 46, No. 12, March 20, 2024
(a) The trust shall prepare an annual report on the scope and implementation of this prompt payment policy. The report shall include, but not be limited to, the following:
(1) a listing of the types or categories of
contracts which the trust entered into during the 12-month fiscal year covered
by the report with an indication whether each such type or category of contract
was subject to this prompt payment policy, and if it was not, the reason(s) 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 why such late payments occurred.
(b) Within 90 days after the completion of each such fiscal year, copies of this annual 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.
(c) Copies of its annual report shall be made available to the public upon reasonable request at the trust's main office.
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