2012 New York Consolidated Laws
PVH - Private Housing Finance
Article 17 - (1001 - 1011) HOUSING AND COMMUNITY PRESERVATION IN RURAL AREAS
1007 - Rules and regulations.


NY Priv Hous Fin L § 1007 (2012) What's This?
 
    §  1007. Rules and regulations. The commissioner shall issue rules and
  regulations for the administration  of  this  article.  Such  rules  and
  regulations  shall  include  provisions  concerning  requirements  as to
  eligibility  for  contracting  with  the  commissioner;  the   form   of
  applications  for  contracts; supervision and evaluation of corporations
  which contract with the commissioner including standards and performance
  criteria for continued, increased or decreased  funding  to  insure  the
  corporations  meet  the  objectives  of  this article and the objectives
  outlined in their housing  preservation  and  community  renewal  plans;
  reporting,  budgeting  and  record  keeping requirements; provisions for
  renegotiation,  modification,  termination,  extension  and  renewal  of
  contracts,   which  provisions  shall  include  the  bases  for  funding
  increases from the preceding contract including, but not be limited  to,
  performance  which  exceeds  minimum performance criteria and provisions
  for probationary periods where  appropriate;  provisions  for  technical
  services  and  assistance  to  such  corporations  within  the limits of
  available funding; protection of the interests of tenants  in  buildings
  owned  or  managed by such corporations; and may include any provisions,
  not inconsistent with the provisions of this article or other applicable
  law, which the commissioner deems necessary or appropriate to carry  out
  the  policy  and  purposes  of  this article. Such rules and regulations
  shall prohibit any corporation receiving funds under  contracts  entered
  into  pursuant  to  this  article  (i)  from  engaging in any activities
  promoting any political candidate or party or (ii)  from  expending  any
  such   funds  in  activities  the  purpose  of  which  is  to  influence
  legislation.

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