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This entry was published on 2014-09-22
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SECTION 1054
Administration of contracts
Private Housing Finance (PVH) CHAPTER 44-B, ARTICLE 17-B
§ 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.