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Compliance and Reporting

The City of Albany Industrial Development Agency is responsible for maintaining appropriate internal controls to ensure continued compliance with project documents as required under both State law and its organizational by-laws   Compliance is achieved through the proper management, reporting, and oversight of post close projects.  This includes, among other tasks, the collection of annual employment and benefits information from each project beneficiary for disclosure in annual public reports.  These reports are ultimately subject to review by the City Common Council, the State Comptroller, and the State Authorities Budget Office.