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This entry was published on 2014-09-22
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Merged company savings fund
Private Housing Finance (PVH) CHAPTER 44-B, ARTICLE 16
§ 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.