Current through December 3, 2024
Section 825-RICR-10-00-4.4 - ApplicabilityA. This Part shall apply to any program or transaction funded or administered by the Corporation, including any of the following:1. Grants, assistance contracts, loans, subsidies, awards, loan service contracts, allocations, or contracts related to federal tax credits administered by the Corporation.2. Participation or agency contracts for Corporation programs.3. Professional or technical service contracts or subcontractors.B. Sanctions imposed hereunder shall not preclude any Person from:1. Renting an apartment assisted under any Corporation program or2. Financing an owner-occupied single-family home under any Corporation program, if they otherwise qualify for such program.C. Sanctions imposed hereunder shall not bar any person from receipt of any funds, credit, or benefit to which the person is otherwise entitled under federal or state law and for which the Corporation is solely the program administrator; however, this exception does not enable or authorize participation in the program involving the applicable funds, credit, or benefit beyond the mere receipt of such funds, credit, or benefit. This provision does not prevent sanctions where the Corporation acts as program administrator and also has the ability to impose additional requirements beyond those requirements of state or federal law as a prerequisite to receipt of the respective funds, credit, or benefit.D. Persons are subject to this Part regardless of whether they are acting as a Contractor, Participant, Affiliate or one receiving funds directly or indirectly from a Contractor or a Participant.E. Persons are subject to this Part whether the conduct at issue occurred while they were engaged in a Corporation program or transaction.F. The Corporation shall require that Contractors and Participants submit a disclosure statement setting forth such information as may be necessary to make any determination hereunder.825 R.I. Code R. 825-RICR-10-00-4.4