§ 1007. Rules and regulations. The commissioner shall issue rules and
regulations for the administration of this article. Such 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 corporations
which contract with the commissioner including standards and performance
criteria for continued, increased or decreased funding to insure the
corporations meet the objectives of this article and the objectives
outlined in their housing preservation and community renewal 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 such corporations within the limits of
available funding; protection of the interests of tenants in buildings
owned or managed by such corporations; and may include any provisions,
not inconsistent with the provisions of this article or other applicable
law, which the commissioner deems necessary or appropriate to carry out
the policy and purposes of this article. Such rules and regulations
shall prohibit any corporation 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.