Sec. 280.6. Retention and reporting requirements

(a) Each participant in the program shall keep all relevant records for their duration of program participation for at least three years.

(b) Each participant in this program must submit a performance report to the department by February 4, 2022 in a form and manner as specified by the commissioner.

(c) The commissioner shall on or before April 1, 2022 and every quarter thereafter until program funds are fully expended, submit a report to the governor, the temporary president of the senate, the speaker of the assembly, the chair of the senate finance committee and the chair of the assembly ways and means committee setting forth the activities undertaken by the program. Such report shall include, but need not be limited to, the following in each reporting period: total number of participants approved and the economic development region in which the business is located, total amount of advance payments disbursed and tax credits claimed, and average amount of advance payment disbursed and tax credit claimed; names of advance payment recipients and tax credit claimed; total number of rehired jobs created; and such other information as the commissioner determines necessary and appropriate to effectuate the purposes of this part. Such reports shall, at the same time, be included on the department’s website and any other publicly accessible database that lists economic development programs.