Financial assistance; criteria and standards; regulations

§ 1162. Financial assistance; criteria and standards; regulations. 1.\nThe corporation is authorized to promulgate regulations, developed in\nconsultation with the commissioner and the director of the division of\nthe budget, for the purpose of carrying out its responsibilities under\nthis title, including establishing criteria and standards for\ndetermining the amount and kind of financial assistance to a recipient\nfor an eligible project. To the extent financial assistance to a\nrecipient for an eligible project is provided from the proceeds of bonds\nor notes of the corporation, the amount of an allocation applicable to\nthe portion of such eligible project financed with such financial\nassistance shall be determined by the corporation in accordance with\nsuch regulations, if any.\n 2. The department is authorized to promulgate regulations, developed\nin consultation with the director of the division of the budget and the\ncorporation, for the purpose of carrying out its responsibilities under\nthis title.\n