907 - Rules and regulations to be promulgated by the commissioner.

§  907.  Rules  and regulations to be promulgated by the commissioner.  The commissioner shall issue and promulgate rules  and  regulations  for  the  administration  of  this article, which 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  neighborhood  preservation  companies  including  standards  and performance criteria for continued,  increased  or  decreased  funding  to  insure  the  companies  meet  the  objectives  of  this  article  and  the  objectives  outlined  in  their  neighborhood preservation 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  neighborhood  preservation  companies  within  the  limits   of   available   funding;  protection  of the interests of tenants in buildings owned or managed by  neighborhood  preservation  companies;  and  such  other   matters   not  inconsistent  with  the  purposes  and provisions of this article as the  commissioner shall deem necessary, proper or appropriate. Such rules and  regulations  shall  prohibit  any  neighborhood   preservation   company  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.