Not later than , and July 1 of each year thereafter, the Secretary shall submit to Congress a comprehensive and detailed annual report on the activities of the Secretary under this chapter during the most recently completed fiscal year.
(b)
Inclusions
Each report required under subsection (a) shall—
(1)
include a list of all grant recipients by State, including the projected private sector dollar to Federal dollar investment ratio for each grant recipient;
(2)
include a discussion of any private sector leveraging goal with respect to grants awarded to—
(A)
rural areas and urban economically distressed areas; and
(B)
highly distressed areas;
(3)
after the completion of a project, include the realized private sector dollar to Federal dollar investment ratio for the project; and
(4)(A)
include a list of all of the grants provided by the Economic Development Administration for projects located in, or that primarily benefit, rural areas;
(B)
an explanation of the process used to determine how each project referred to in subparagraph (A) would benefit a rural area; and
(C)
a certification that each project referred to in subparagraph (A)—
(i)
is located in a rural area; or
(ii)
will primarily benefit a rural area.
(c)
Additional reporting
As part of the annual report to Congress of the Economic Development Administration, the Secretary shall include a report on project completions and close outs for construction awards that includes the following information on individual construction projects:
(1)
The award date of the project.
(2)
The completion date of the project.
(3)
The close out date of the project.
(4)
The total amount of the project, including non-Federal cost share and funding from other sources, including a breakdown by source.
(5)
The number of jobs anticipated to be created or retained as a result of the investment.
(d)
Public availability
Not later than the date of the submission of the report under subsection (c), the Secretary shall make the report under subsection (c) publicly available.
(e)
Additional reporting requirement
To ensure that projects are meeting expected timelines, not later than 1 year after , the Secretary shall submit to the Committee on Environment and Public Works of the Senate and the Committee on Transportation and Infrastructure of the House of Representatives a report that, at a minimum—
(1)
includes an analysis of Economic Development Administration construction project timeline estimates and actual project durations; and
(2)
describes the frequency with which project timelines are delayed and the sources of those delays, including cases in which a project scope or schedule requires an award amendment.