This Subchapter is provided for the use of public housing agencies in the development and operation of New York State-aided projects, and has for its prime objectives the establishment of a uniform system of keeping the books of account, the furnishing of uniform financial reports and associated statements as required by the Public Housing Law and in the loan and subsidy contract, the furnishing of evidence of compliance with the provisions of the Public Housing Law of the State of New York, and the providing of a means for the effective control of development and operating funds of State-aided projects.