§ 1166. Implementation agreements. For the purpose of implementing the drinking water revolving fund program set forth in this title and section twelve hundred eighty-five-m of the public authorities law, and ensuring compliance with the requirements of the state sanitary code, the federal safe drinking water act or other applicable federal law, the department may:

1. Arrange in consultation with the corporation for independently conducted reviews and audits on at least an annual basis necessary to carry out the objectives of the fund.

2. Submit a copy of each draft intended use plan to the governor, the director of the division of the budget, the chairman of the senate finance committee and the chairman of the assembly ways and means committee and submit a copy of each final intended use plan to such persons.

3. Enter into any agreement between the state of New York and the administrator of the United States environmental protection agency and take all other actions necessary to comply with the requirements of the federal safe drinking water act or applicable federal law and state law, including, but not limited to, approving each project as an eligible project under the program.

4. Enter into such agreements with the corporation as to the administration and implementation of the drinking water revolving fund as may be deemed desirable or necessary, which agreements may provide for among other things, the allocation and delegation of responsibilities of the commissioner, the department or the corporation set forth in this title amongst such parties.