N.Y. Private Housing Finance Law § 907: Rules and regulations to be promulgated by the commissioner

§ 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.