§ 1103. 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 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 rehabilitation skills training, 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 cooperative or condominium, homesteading or
rental rehabilitation projects.

3. The corporation shall, on or before September fifteenth in each
year, submit a proposed budget for the operation of the corporation for
its next fiscal year to the director of the budget for his review. The
chairman of the corporation shall also deliver a copy of such budget to
the chairman of the senate finance committee and the chairman of the
assembly ways and means committee at the same time that the budget is
delivered to the director of the budget. The budget shall include the
total amount needed for corporate purposes, including the funds required
by the corporation for its general and administrative expenses, the
source of all funds that the corporation expects to receive and such
other information as the director of the budget shall require.

4. The corporation 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.