ยง 923. 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 shall provide for the review, at periodic
intervals, of the performance of the not-for-profit corporations and
charitable organizations receiving financial assistance pursuant to this
article. Such review shall, among other things, be for the purposes of
ascertaining conformity to contractual provisions, the financial
integrity and efficiency of the organizations and the evaluation of the
project.
Structure New York Laws