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2015 New York Laws
PVH - Private Housing Finance
Article 17-B - (Private Housing Finance) RURAL AREA REVITALIZATION PROJECTS
1054 - Administration of contracts.

NY Priv Hous Fin L § 1054 (2015) What's This?
  1054.  Administration  of contracts. 1. A contract pursuant to this
  article may provide for such periodic payments as may be appropriate.

2. The corporation shall periodically review the performance  of  each
  contractor   pursuant  to  this  article.  Such  reviews  shall  include
  evaluation of the quality of the activities  performed,  the  conformity
  thereof   to   contract  provisions  and  the  financial  integrity  and
  efficiency of the contractor.

3. Each contract pursuant to this article shall provide that:

(a) it may be modified and renegotiated from time to time; and

(b) it may  be  terminated  by  the  corporation  upon  a  finding  of
  substantial   noncompliance   or  other  breach  of  its  terms  by  the
  contractor.

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