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This entry was published on 2014-09-22
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General and administrative provisions
Private Housing Finance (PVH) CHAPTER 44-B, ARTICLE 20
§ 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.