§ 1699-h. Reports. The board of directors of the dormitory authority shall report on progress in implementing the succession of the medical care facilities finance agency and the facilities development corporation into the dormitory authority by March first, nineteen hundred ninety-six and shall issue a final report on September first, nineteen hundred ninety-six. Such reports shall be provided to the chair and ranking minority member of the senate finance committee and the chair and ranking minority member of the assembly ways and means committee. Such report shall include, but not be limited to, the following information:

Terms Used In N.Y. Public Authorities Law 1699-H

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Ranking minority member: The highest ranking (and usually longest serving) minority member of a committee or subcommittee.

1. Operational, financial, procedural and organizational improvements obtained or planned as a result of the succession;

2. The source and amount of each reserve fund or account, pledged and unpledged, held by the agency or authority on March thirty-first, nineteen hundred ninety-five and on March thirty-first, nineteen hundred ninety-six with an explanation of the differences in amounts within each fund or account including identification of the amounts transferred to the state's general fund;

3. The impact, if any, on any programs and/or projects affected by such succession;

4. A list of positions affected by the succession, including but not limited to, positions of the housing finance agency estimated to have spent more than fifty percent of their time performing duties for the medical care facilities finance agency. Such list shall identify those positions transferred to the dormitory authority under provisions of this chapter and shall include each dormitory authority position's or transferred position's bargaining unit, if any, civil service status, if any, and job title; and

5. Legislative proposals to achieve further operational, financial, procedural and organizational improvements.