Section 1133. General and administrative provisions


Latest version.
  • 1. The agency shall
      issue and promulgate rules and regulations  for  the  administration  of
      this  article.  The  rules  and  regulations  shall  include  provisions
      concerning eligibility of applicants  for  grants  under  this  article;
      funding  criteria  and  funding  determination  process;  evaluation  of
      contracting applicants; 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 or
      appropriate.
        2. Not less than seventy-five percent of the total amount appropriated
      for the purposes of this demonstration program shall be  made  available
      for projects located in cities, towns or villages having a population of
      thirty  thousand  or  less persons; such remaining amounts shall be made
      available to projects located in cities,  towns  or  villages  having  a
      population of more than thirty thousand persons.
        3.  The  agency  shall  inform  prospective eligible applicants of the
      existence of this program and to the maximum  extent  practicable  shall
      provide  information  on  this  program  to  all  applicants for housing
      programs designed to  promote  the  construction  or  rehabilitation  of
      affordable housing.
        4. The agency shall enter into agreements to the extent feasible, with
      other state agencies and public corporations to carry out the provisions
      of  this  article.  In  entering  into  such agreements the agency shall
      consider the extent to which funds provided  pursuant  to  this  article
      would  compliment  the  programs administered by such agencies or public
      corporations. Such agreements shall  be  designed  to  allow  the  funds
      hereunder  to  be  used in conjunction with the programs administered by
      such agencies or public corporations.
        5. The agency or its designee shall require 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.