N.Y. Private Housing Finance Law § 1123: General and administrative provisions

§ 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.