(a)(i) The total unmerged company funding shall equal the current
number of unmerged company contracts multiplied by the per group award.
(ii) The unmerged company funding shall equal the per group award.
(iii) The merged company funding shall equal the funding modification
multiplied by the per group award.
(b) Merged company funding shall be determined on an individual basis
for each neighborhood preservation company. The following tables show
the funding modification to be used:
(i) In the case of two companies 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 companies 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 companies 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 neighborhood preservation company 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 company savings shall be determined on an individual
basis for each merged company. It shall be calculated by subtracting the
amount of such company's merged company funding from the amount the
merged companies 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 neighborhood preservation
coalition, which shall equal the total unmerged company funding plus the
sum of the merged company funding plus the sum of the merged company
savings.
Structure New York Laws
Article 16 - Neighborhood Preservation Companies
901 - Declaration of Legislative Findings.
903 - Contracts With Neighborhood Preservation Companies.
904 - Payments to Neighborhood Preservation Companies for Neighborhood Preservation Activities.
905 - Periodic Review of Contract Performance; Renegotiation and Termination of Contract.
906 - Technical Services and Assistance to Neighborhood Preservation Companies.
907 - Rules and Regulations to Be Promulgated by the Commissioner.
908 - Applicability of Other Laws to Neighborhood Preservation Companies.