§ 2419. Annual report. The agency shall submit to the governor, the chairman of the senate finance committee, the chairman of the assembly ways and means committee, the comptroller and the director of the budget within six months after the end of its fiscal year, a complete and detailed report setting forth: (1) its operations and accomplishments; (2) its receipts and expenditures during such fiscal year in accordance with the categories or classifications established by the agency for its operating and capital outlay purposes, including a listing of all private consultants engaged by the agency on a contract basis and a statement of the total amount paid to each such private consultant; (3) its assets and liabilities at the end of its fiscal year, including a schedule of its mortgages and the status of reserve, special or other funds; (4) a schedule of its bonds and notes outstanding at the end of its fiscal year, together with a statement of the amounts redeemed and incurred during such fiscal year; (5) a schedule of mortgages which have been insured during such year and mortgages for which there exists an outstanding commitment to insure and the status of the mortgage insurance fund and other funds established by the corporation; and with respect to the agency's fiscal years ending after nineteen hundred eighty-five; (6) a breakdown by region (as defined in subdivision nine of section two thousand four hundred twenty-six of this title) of the average income of recipients of SONYMA mortgage loans for such fiscal year, stated separately for SONYMA's tax exempt and blended program and SONYMA's taxable program; (7) a breakdown by region of the income distribution of recipients of SONYMA mortgage loans for such fiscal year, stated separately for SONYMA's tax exempt and blended program and SONYMA's taxable program; and (8) a breakdown by region of the average purchase price of structures acquired with SONYMA mortgage loans for such fiscal year, stated separately for SONYMA's tax exempt and blended program and SONYMA's taxable program. With respect to the schedule mentioned in item five hereof, such schedule shall be submitted within ninety days after the end of its fiscal year and shall be submitted to the temporary president of the senate and speaker of the assembly in addition to the aforementioned officers.

Terms Used In N.Y. Public Authorities Law 2419

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Chairman: means the chairman of the dormitory authority. See N.Y. Public Authorities Law 1695
  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • mortgage: shall include housing loans as defined below. See N.Y. Public Authorities Law 2402