§ 228-f. Reports.
1.The investment companies shall make an annual\nreport of their conditions to the governor, the legislature and the\nsuperintendent of financial services, on or before January first of each\nyear.\n 2. Commencing January first, nineteen hundred ninety-five, such annual\nreport shall contain but not be limited to the following:\n (a) information on the cost and source of funds and capital and the\ntotal allowable amount available from the voting shareholders, and the\nmaximum amount committed by each individual voting shareholder;\n (b) classification of the businesses in the investment companies'\nportfolio by standard industrial code;\n (c) information on the types of financing provided by the investment\ncompanies, including start-up, venture, operating or worki
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§ 228-f. Reports. 1. The investment companies shall make an annual\nreport of their conditions to the governor, the legislature and the\nsuperintendent of financial services, on or before January first of each\nyear.\n 2. Commencing January first, nineteen hundred ninety-five, such annual\nreport shall contain but not be limited to the following:\n (a) information on the cost and source of funds and capital and the\ntotal allowable amount available from the voting shareholders, and the\nmaximum amount committed by each individual voting shareholder;\n (b) classification of the businesses in the investment companies'\nportfolio by standard industrial code;\n (c) information on the types of financing provided by the investment\ncompanies, including start-up, venture, operating or working capital\nloans, the size and term of loans, and a breakdown of investments by\nsenior debt, subordinated debt and equity financing;\n (d) information on interest rates of loans, including the percentage\nof fixed and variable rate loans;\n (e) information on how the NYSBIC is fulfilling its mission to provide\nsmall businesses with credit assistance, particularly where general\neconomic and historical conditions have prevented traditional capital\nsources from extending credit to such small business;\n (f) information on how the NYSSBIC is fulfilling its mission to\nprovide credit assistance to facilitate small business ownership by\nminorities, persons who reside in highly distressed area and\nneighborhood based alliance communities and persons eligible for the\nearned income credit as provided by paragraph (b) of subdivision one of\nsection two hundred twenty-eight-c of this article;\n (g) information on resources and actions taken to advance the\ninvestment companies' marketing programs, including their coordination\nand efforts to solicit the assistance of local bankers and local\neconomic development corporations, the state department of economic\ndevelopment, the job development authority, the urban development\ncorporation, the science and technology foundation, the state university\nof New York small business development centers, the centers for advanced\ntechnology and other New York state agencies and organizations the\ninvestment companies deem appropriate.\n