Section 1123. General and administrative provisions


Latest version.
  • 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.