N.Y. Private Housing Finance Law Section 910
Merged company savings fund

The division shall create a fund to hold and shall transfer all funds determined to be merged company savings pursuant to paragraph (d) of subdivision five of § 904 (Payments to neighborhood preservation companies for neighborhood preservation activities)section nine hundred four of this article into such fund. The division shall use such funds, as available, for entering into new contracts, pursuant to § 903 (Contracts with neighborhood preservation companies)section nine hundred three of this article, with neighborhood preservation companies located in areas of the state that are currently unserved by a neighborhood preservation company.

Source: Section 910 — Merged company savings fund, https://www.­nysenate.­gov/legislation/laws/PVH/910 (updated Sep. 22, 2014; accessed Jun. 15, 2024).

Jun. 15, 2024

Last modified:
Sep. 22, 2014

§ 910’s source at nysenate​.gov

Link Style