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

§ 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 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

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.