2013 New York Consolidated Laws
PVH - Private Housing Finance
Article 18 - (1100 - 1103) LOW INCOME HOUSING TRUST FUND PROGRAM
1103 - General and administrative provisions.

 
    §  1103.  General  and  administrative  provisions. 1. The corporation
  shall 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
  corporation shall deem necessary or appropriate.
    2. The corporation 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 rehabilitation skills  training,  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  cooperative  or  condominium,  homesteading or
  rental rehabilitation projects.
    3. The corporation shall, on or before  September  fifteenth  in  each
  year,  submit a proposed budget for the operation of the corporation for
  its next fiscal year to the director of the budget for his  review.  The
  chairman  of the corporation shall also deliver a copy of such budget to
  the chairman of the senate finance committee and  the  chairman  of  the
  assembly  ways  and  means committee at the same time that the budget is
  delivered to the director of the budget. The budget  shall  include  the
  total amount needed for corporate purposes, including the funds required
  by  the  corporation  for  its  general and administrative expenses, the
  source of all funds that the corporation expects  to  receive  and  such
  other information as the director of the budget shall require.
    4.  The  corporation  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.