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9 CRR-NY 1725-2.1NY-CRR

STATE COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK

TITLE 9. EXECUTIVE DEPARTMENT

SUBTITLE S. DIVISION OF HOUSING AND COMMUNITY RENEWAL

CHAPTER IV. STATE-ASSISTED HOUSING CONSTRUCTED BY PRIVATE ENTERPRISE

SUBCHAPTER C. HOUSING COMPANY MANAGEMENT

PART 1725. GENERAL ADMINISTRATION

SUBPART 1725-2. RESPONSIBILITIES OF BOARD OF DIRECTORS

9 CRR-NY 1725-2.1

1725-2.1 Responsibility to public.

(a) Members of the board of directors of the housing company, whether rental or cooperative, bear a significant public responsibility, since they operate under a State-aided program and effectuate public policy by encouraging the building and operating of housing projects for families of moderate income.

(b) Board members are entrusted with the custody of assets and the administrative control of expenditures representing hundreds of thousands of dollars. The custody and control of such sums require each member to ensure that buildings, grounds and other assets are kept up to high standards so that their value is not impaired and that the annual operating expenditures are spent effectively and economically.

(c) Members must exercise judicious control of the premises entrusted in their care, including community rooms and public spaces.

(d) The board shall adopt, and ensure the full implementation of, equal opportunity policies relating to employment and housing in accordance with its responsibility to all of the people of the State of New York.

9 CRR-NY 1725-2.1

Current through September 15, 2021

End of Document

IMPORTANT NOTE REGARDING CONTENT CURRENCY: The "Current through" date indicated immediately above is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Administrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of NYS Rules.