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N.Y. Private Housing Finance Law § 910

Merged company savings fund

2014-09-22

§ 910. Merged company savings fund. The division shall create a fund\nto hold and shall transfer all funds determined to be merged company\nsavings pursuant to paragraph (d) of subdivision five of section nine\nhundred four of this article into such fund. The division shall use such\nfunds, as available, for entering into new contracts, pursuant to\nsection nine hundred three of this article, with neighborhood\npreservation companies located in areas of the state that are currently\nunserved by a neighborhood preservation company.\n

Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.