Sec. 22.9. Reports

(a) On or before March 31st, each State agency shall, for each annual period beginning January second and ending the following January first prepare and transmit a report to the Office of the State Comptroller in relation to such State agency's contracting activities with not-for-profit organizations. The Office of the State Comptroller shall make such report available to the public.

(b) Such report shall include, but not be limited to:

(1) information regarding the number of programs affected by article XI-B of the State Finance Law;

(2) the ability of the State agency to meet the time frames described within article XI-B of the State Finance Law and the regulations;

(3) the number of programs, contracts, renewal contracts both complying and failing to comply with the time frames set forth in article XI-B of the State Finance Law;

(4) the number of contracts on which interest was paid;

(5) the amount of interest paid by each State agency; and

(6) any other information deemed relevant in relation to the implementation of prompt contracting and payments affecting not-for-profit organizations.

(c) On or before May 31st of each year, the comptroller shall prepare an annual report examining the effectiveness and implementation of prompt contracting; and make any recommendations deemed necessary to improve existing contracting and payment methods between State agencies and not-for-profit organizations. Such report shall be transmitted to the temporary president and minority leader of the Senate, the speaker and minority leader of the Assembly, 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.