2012 New York Consolidated Laws
PVH - Private Housing Finance
Article 20 - (1120 - 1123) MANUFACTURED HOME COOPERATIVE FUND PROGRAM
1123 - General and administrative provisions.

 
    § 1123. General and administrative provisions. 1. The agency may issue
  and  promulgate  rules  and  regulations  for the administration of this
  article. The rules and regulations shall include  provisions  concerning
  the  eligibility of applicants for payments, grants and loans under this
  article;  funding  criteria  and  the  funding  determination   process;
  supervision   and   evaluation  of  contracting  applicants;  reporting,
  budgeting and record-keeping requirements; provisions  for  modification
  and  termination  of  contracts; and such other matters not inconsistent
  with the purposes and provisions of this article  as  the  agency  shall
  deem necessary, proper and appropriate.
    2.  The  agency  may  provide  technical  services  and  assistance or
  contract to  provide  technical  services  and  assistance  to  eligible
  applicants  to  comply  with  the  provisions and intent of this article
  which services and assistance may include but shall not  necessarily  be
  limited  to  site  selection,  financial  packaging  and engineering and
  architectural services necessary for the preparation  of  proposals  for
  entering into contracts or for the continued operation of a manufactured
  home cooperative or for infrastructure improvement projects.
    3.  The  agency  and  applicants shall deposit any recaptured funds or
  funds from the repayment of loans and interest received  on  loans  into
  the manufactured home cooperative fund.
    4.  Notwithstanding  the  provisions  of  article  one-A of the public
  authorities law, contracts entered into by the agency pursuant  to  this
  article  shall  not be subject to the provisions of article one-A of the
  public authorities law.
    5. The agency shall require the submission of the names, addresses and
  business background of the principals  involved,  the  nature  of  their
  fiduciary  relationship  and their financial relationship, past, present
  and future, to the project and to each other.