N.Y. Comp. Codes R. & Regs. tit. 9 § 2605.2

Current through Register Vol. 46, No. 53, December 31, 2024

Section 2605.2 - Program funds

(a) The program funds shall be for administrative and planning expenses related to neighborhood preservation activities conducted by the company, including:

(1) payment of salaries and wages to employees engaged in neighborhood preservation activities;

(2) fees to consultants retained for neighborhood preservation activities; and

(3) other costs and expenses directly related to such employees and consultants, including office rentals, office equipment, fringe benefits and office expenses.

(b) In no event shall contract funds be used to defray the costs of construction, repair, renovation, rehabilitation, operation, demolition, clearance or sealing of any building or other structure, except that such funds may be used for planning any such activity and for preparing, furnishing, equipping and operating an office facility to be used in connection with the neighborhood preservation activities by the company. In such instances the company shall, to the greatest extent possible, make every effort to provide contracting and purchasing opportunities to minority- and women-owned business enterprises as defined under article 9 of Executive Order No. 21, issued August 4, 1983.

(c) The neighborhood preservation company shall refrain from engaging any activities promoting any political candidate or party.

(d) The neighborhood preservation company shall not expend any program funds in activities engaged in for the purpose of attempting to influence the passage or defeat of any legislation by either house of the State Legislature. Notwithstanding the provisions of this subdivision, nothing shall prohibit the company from expending program funds for the following activities:

(1) the preparation or submission of responses to requests for information or comments by the State Legislature concerning the company's activities, or the condition, population, or needs of the company's neighborhood, as such terms are defined in Part 2602 of this Title; or

(2) the preparation and dissemination of housing information to the general public.

(e) The neighborhood preservation company shall not enter into any contract, lease or other agreement whose terms or effect commit the use of program funds for a period of time in excess of the term of the program-funding contract.

(f) Payments shall be made by the division to the neighborhood preservation company not less frequently than quarterly to compensate such company for administering the neighborhood preservation activities. Prior to payment, however, the division shall have received all financial statements, progress reports and other documentation as may be required. The division may withhold payments if said documentation is not acceptable; the division may continue to withhold payments until such documentation is deemed to be acceptable.

(g) The company shall maintain accurate records of all financial transactions which relate to the performance of the contract, in accordance with generally accepted accounting principles, and make these records available to the division on request.

N.Y. Comp. Codes R. & Regs. Tit. 9 § 2605.2