Sec. 1906.5. Miscellaneous provisions


Latest version.
  • (a) Statement amendment.
    The corporation shall have the power to amend this policy statement by promulgating amended rules and regulations at any time.
    (b) Contract incorporation.
    The policy statement in effect at the time of the creation of a contract is hereby incorporated into and made a part of that contract.
    (c) Public access.
    The corporation shall make copies of this policy statement, as well as the annual report, available to the public upon reasonable request at the corporation's main office. In addition, the corporation shall provide a copy of this policy statement to each contractor.
    (d) Applicability.
    The statute authorizing this statement is not applicable to the corporation contracts with other governmental agencies, to interest on judgments rendered by a court against the corporation pursuant to any other statute, or in situations where the corporation exercises a legally authorized setoff against all or part of a payment due a contractor. In addition, this policy statement shall not apply to contracts with eligible applicants for the furnishing by such applicants of housing for persons of low income.
    (e) Legal processes.
    The corporation is under no liability to pay interest pursuant to the statute after a contractor has filed a claim or given notice of an intention to file claim or commenced legal action for payment of interest.