d. 1. Any receiver appointed pursuant to this subdivision shall have
all of the powers and duties of a receiver appointed in an action to
foreclose a mortgage on real property, together with such additional
powers and duties as herein granted and imposed. The receiver shall with
all reasonable speed remedy the nuisance and remove all the delinquent
matters and deficiencies in the dwelling including those constituting a
fire hazard or a threat to life, health or safety and may, in addition
to ordinary repairs, maintenance and replacement, make other
improvements to effect a rehabilitation of the property, in such fashion
as is consistent with maintaining safe and habitable conditions over the
remaining useful life of the dwelling. He shall have the power to let
contracts therefor or incur expenses in accordance with the provisions
of local laws, ordinances, rules and regulations applicable to contracts
for public works except that advertisement shall not be required for
each such contract. Notwithstanding any such laws, ordinances, rules or
regulations, the receiver may let contracts or incur expenses for
individual items of repairs, improvements or supplies without the
procurement of competitive bids where the total amount of any such
individual item does not exceed twenty-five hundred dollars. The
receiver shall not be required to file any bond. He shall collect the
accrued and accruing rents, issues and profits of the dwelling and apply
the same to the cost of removing or remedying such nuisance, to the
making of such other improvements as aforestated, to the payment of
expenses reasonably necessary to the proper operation and management of
the property, including insurance and the fees of the managing agent,
and the necessary expenses of his office as receiver, the