§ 907 — Rules and regulations to be promulgated by the commissioner

New York § 907

• Jurisdiction: New York
• Law PVH: Private Housing Finance
• Art. 16: Neighborhood Preservation Companies

Text

§ 907. Rules and regulations to be promulgated by the commissioner.\nThe commissioner shall issue and promulgate rules and regulations for\nthe administration of this article, which rules and regulations shall\ninclude provisions concerning requirements as to eligibility for\ncontracting with the commissioner; the form of applications for\ncontracts; supervision and evaluation of neighborhood preservation\ncompanies including standards and performance criteria for continued,\nincreased or decreased funding to insure the companies meet the\nobjectives of this article and the objectives outlined in their\nneighborhood preservation plans; reporting, budgeting and record keeping\nrequirements; provisions for renegotiation, modification, termination,\nextension and renewal of contracts, which provisions shall include the\nbases for funding increases from the preceding contract including, but\nnot be limited to, performance which exceeds minimum performance\ncriteria and provisions for probationary periods where appropriate;\nprovisions for technical services and assistance to neighborhood\npreservation companies within the limits of available funding;\nprotection of the interests of tenants in buildings owned or managed by\nneighborhood preservation companies; and such other matters not\ninconsistent with the purposes and provisions of this article as the\ncommissioner shall deem necessary, proper or appropriate. Such rules and\nregulations shall prohibit any neighborhood preservation company\nreceiving funds under contracts entered into pursuant to this article\n(i) from engaging in any activities promoting any political candidate or\nparty or (ii) from expending any such funds in activities the purpose of\nwhich is to influence legislation.\n