Section 923. General and administrative provisions

1. The corporation shall
  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
  corporation shall deem necessary or appropriate.
    2.   The  corporation  shall  provide  for  the  review,  at  periodic
  intervals, of the performance of  the  not-for-profit  corporations  and
  charitable organizations receiving financial assistance pursuant to this
  article.  Such  review shall, among other things, be for the purposes of
  ascertaining  conformity  to  contractual  provisions,   the   financial
  integrity  and efficiency of the organizations and the evaluation of the
  project.