New York Laws
Article 17 - Housing and Community Preservation in Rural Areas
1004 - Payments Pursuant to Contracts.

(a) (i) The total unmerged corporation funding shall equal the current
number of unmerged corporation contracts multiplied by the per group
award.
(ii) The unmerged corporation funding shall equal the per group award.
(iii) The merged corporation funding shall equal the funding
modification multiplied by the per group award.
(b) Merged corporation funding shall be determined on an individual
basis for each not-for-profit corporation. The following tables show the
funding modification to be used:
(i) In the case of two not-for-profit corporations merging, the
following table shall be used:

Years since Funding
merger modification
1 200%
2 190%
3 180%
4 170%
5 160%
6 150%
(ii) In the case of three not-for-profit corporations merging, the
following table shall be used:
Years since Funding
merger modification
1 300%
2 290%
3 280%
4 270%
5 260%
6 250%
7 240%
8 230%
9 220%
10 210%
11 200%
(iii) In the case of four or more not-for-profit corporations merging,
the following table shall be used:
Years since Funding
merger modification
1 400%
2 390%
3 380%
4 370%
5 360%
6 350%
7 340%
8 330%
9 320%
10 310%
11 300%
12 290%
13 280%
14 270%
15 260%
16 250%
(c) If a not-for-profit corporation that has undergone a merger
continues to renew their contract beyond the timeframes listed in the
above tables, it shall have its funding determined using the last
funding modification listed.
(d) The merged corporation savings shall be determined on an
individual basis for each merged corporation. It shall be calculated by
subtracting the amount of such corporation's merged corporation funding
from the amount the merged corporations would have received if they had
maintained separate contracts.
(e) The per group award shall equal the total funding available minus
the amount for the contract with the rural preservation coalition which
shall equal the total unmerged company funding plus the sum of the
merged company funding.