2006 New York Code - Administrative Provisions

 
    §  1025. Administrative provisions. 1. The commissioner shall provide,
  by regulations,  for  the  administration  of  the  provisions  of  this
  article.  Such  regulations  shall  include, but need not be limited to,
  provisions for operation of the project  by  the  sponsor  in  a  manner
  consistent with the intent of this article.
    2. Every contract entered into pursuant to this article shall obligate
  the  sponsor  not to charge or collect from any tenant of a unit covered
  by such contract a rent higher than the tenant rent payment  established
  pursuant to section one thousand twenty-four of this article.
    3.  Rental assistance payments pursuant to this article may be pledged
  by the sponsor in connection with the  financing  or  refinancing  of  a
  project,  subject to any conditions prescribed in the housing assistance
  contract, but no such pledge shall create any obligation or liability on
  the part of the state or any agency  or  instrumentality  thereof  other
  than that prescribed in the contract.
    4.  Nothing  in this article shall prevent any sponsor from seeking or
  accepting any other form of governmental subsidy or assistance, but  any
  contract   pursuant  to  this  article  shall  provide  for  appropriate
  adjustments in the rental assistance  payments  to  reflect  such  other
  subsidy or assistance.