New York Laws
Article 17 - Housing and Community Preservation in Rural Areas
1011 - Merged Company Savings Fund.

§ 1011. Merged company savings fund. The division shall create a fund
to hold and shall transfer all funds determined to be merged corporation
savings pursuant to paragraph (d) of subdivision five of section one
thousand four of this article into such fund. The division shall use
such funds, as available, for entering into new contracts, pursuant to
section one thousand three of this article, with not-for-profit
corporations located in areas of the state that are currently unserved
by a not-for-profit corporation that is maintaining a contract pursuant
to section one thousand three of this article.

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