Section 30-a - With respect to applications for assistance submitted pursuant to this act:(a) The corporation shall, upon receipt of an application or other formal request for funding for any project, provide notice of such application or request within ten days of such receipt to the senator and member of assembly representing the district in which such project is to be located;(b) The corporation shall provide copies of all correspondence relating to each such application to such senator or member of assembly on a timely basis; provided, however, that proprietary information may be withheld from such correspondence if such senator and member of assembly is given notice that such information has been withheld;(c) Such senators and members of assembly shall be provided notice of all proceedings relating to such application and shall be invited to participate in such proceedings A copy of such notice shall also be provided to the designees of the temporary president of the senate and the speaker of assembly;
(d) Such senators and members of assembly shall be provided with notice of the final disposition of the application by the corporation and the reasons for such disposition;(e) In order to ensure that the funds appropriated for existing statutory programs are approved in a equitable, ratable and timely manner, the corporation shall: (1) require all projects, including those in an amount of fifty thousand dollars or less, be approved by the governing board of the corporation and included in the agenda and the minutes of the meetings of the board, accompanied by a summary of the proposed project and the source of funds used to finance the project; and(2) require projects to be financed out of the empire state economic development fund be approved generally in amounts which are proportional to amounts appropriated for the urban and community development program, and the minority and women-owned business development and lending program;(f) The corporation shall accept no funds through transfer from the department of economic development for personal or nonpersonal service expenses, except for economic development program funds where such transfer will facilitate the prompt and effective distribution of program funds to projects, provided that those funds are used for the statutory purposes for which they were appropriated to the department of economic development;(g) No later than twenty days after the end of each fiscal year quarter, the chairman of the urban development corporation shall:(1) report to the senate majority leader and the speaker of the assembly on the status of all economic development programs administered during the current fiscal year. Such report shall include but not be limited to:(A) a cumulative summary of commitments and disbursements by year of original appropriation;(B) the geographic distribution of approved projects;(C) the extent to which approved projects are expected to create or retain jobs in New York state; and(D) the impact of approved projects, where quantified and available, on distressed urban and rural communities, small- and medium-sized businesses, and strategic industries.(2) Copies of such report shall also be provided to the designees of the temporary president of the senate and the speaker of the assembly in both paper and electronic format;(h) If: (1) such report is not submitted on or before the required date, or (2) the corporation has failed to undertake a good faith effort to comply with this act, upon a written determination of non-compliance issued, not more than quarterly, by either the temporary president of the senate or speaker of the assembly, the corporation agrees that it shall approve no further project commitments from the empire state economic development fund and no state funds appropriated from the local assistance account shall be allocated to the corporation for such commitments until such report is submitted or the corporation provides evidence of good faith effort to be in compliance with provisions hereof; and(i) Upon the issuance of such a determination of non-compliance, the corporation shall undertake the necessary acts to comply with this agreement and shall provide evidence of such compliance within ten days of receipt of such determination.N.Y. Urban Development Corporation Act § 30-a