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This entry was published on 2014-09-22
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SECTION 907
Rules and regulations to be promulgated by the commissioner
Private Housing Finance (PVH) CHAPTER 44-B, ARTICLE 16
§ 907. Rules and regulations to be promulgated by the commissioner.
The commissioner shall issue and promulgate rules and regulations for
the administration of this article, which rules and regulations shall
include provisions concerning requirements as to eligibility for
contracting with the commissioner; the form of applications for
contracts; supervision and evaluation of neighborhood preservation
companies including standards and performance criteria for continued,
increased or decreased funding to insure the companies meet the
objectives of this article and the objectives outlined in their
neighborhood preservation plans; reporting, budgeting and record keeping
requirements; provisions for renegotiation, modification, termination,
extension and renewal of contracts, which provisions shall include the
bases for funding increases from the preceding contract including, but
not be limited to, performance which exceeds minimum performance
criteria and provisions for probationary periods where appropriate;
provisions for technical services and assistance to neighborhood
preservation companies within the limits of available funding;
protection of the interests of tenants in buildings owned or managed by
neighborhood preservation companies; and such other matters not
inconsistent with the purposes and provisions of this article as the
commissioner shall deem necessary, proper or appropriate. Such rules and
regulations shall prohibit any neighborhood preservation company
receiving funds under contracts entered into pursuant to this article
(i) from engaging in any activities promoting any political candidate or
party or (ii) from expending any such funds in activities the purpose of
which is to influence legislation.