MARVIN MANDEL, Governor

3419

ACQUISITION ASSISTANCE PAYMENT NOT TO EXCEED $25,000.00
AS FOLLOWS:

(1) IN THE EVENT THE DISPLACEE OWNS THE
BUSINESS FACILITY FROM WHICH HE IS DISPLACED HE SHALL BE
ENTITLED TO A PAYMENT CALCULATED AS FOLLOWS:

(A)     SUCH ELIGIBLE DISPLACEE WHO
DECIDES TO PURCHASE, CONSTRUCT OR RENOVATE A REPLACEMENT
FACILITY SHALL BE ENTITLED TO A PAYMENT LIMITED TO 50% OF
THE DIFFERENTIAL OF THE INCREASE [[BETWEEN THE
ACQUISITION PAYMENT OF THEIR OLD BUSINESS FACILITY AND
THE REASONABLE COST OF A COMPARABLE REPLACEMENT BUSINESS
FACILITY]], IF ANY, BETWEEN THE ACTUAL ACQUISITION COST
OF THE REPLACEMENT BUSINESS FACILITY. OR IN THE EVENT THE
REPLACEMENT FACILITY IS MOT COMPARABLE TO THE FACILITY
FROM WHICH THE BUSINESS WAS DISPLACED. THE REASONABLE
CURRENT COST OF A COMPARABLE REPLACEMENT BUSINESS
FACILITY. WHICHEVER IS THE LESSER. OVER THE ACQUISITION
PAYMENT FOR THE OLD BUSINESS FACILITY. PLUS AN AMOUNT, IF
ANY, NECESSARY TO COMPENSATE THE DISPLACED BUSINESS FOR
ANY INCURRED INTEREST COSTS WHICH SUCH BUSINESS IS
REQUIRED TO PAY FOR FINANCING THE ACQUISITION OF THE
REPLACEMENT FACILITY.

(B)     THE ALLOWANCE FOR THE INTEREST
DIFFERENTIAL PROVIDED IN PARAGRAPH (A) IS LIMITED TO AN
AMOUNT EQUAL TO THE EXCESS IN THE AGGREGATE INTEREST ON
THAT AMOUNT OF THE BALANCE OF THE MORTGAGE ON THE
REPLACEMENT FACILITY WHICH IS EQUAL TO THE UNPAID BALANCE
OF THE MORTGAGE ON THE ACQUIRED FACILITY OVER THE
REMAINING TERM OF THE MORTGAGE ON THE ACQUIRED FACILITY,
REDUCED TO DISCOUNTED PRESENT VALUE. THE DISCOUNT RATE
SHALL BE THE PREVAILING INTEREST RATE PAID ON SAVINGS
DEPOSITS BY COMMERCIAL BANKS IN THE GENERAL AREA IN WHICH
THE REPLACEMENT FACILITY IS LOCATED.

(C) REASONABLE EXPENSES INCURRED BY
SUCH DISPLACEE FOR EVIDENCE OF TITLE, RECORDING FEES AND
OTHER CLOSING COSTS INCIDENT TO THE REPLACEMENT BUSINESS
FACILITY BUT NOT INCLUDING PREPAID EXPENSES.

(D) SUCH ELIGIBLE DISPLACEES WHO
DECIDE TO RENT A REPLACEMENT FACILITY - [[AN AMOUNT EQUAL
TO 50% OF THE EXCESS OF THE ANNUAL BASE RENTAL FOR A
COMPARABLE BUSINESS FACILITY OR THE ACTUAL ANNUAL BASE
RENTAL FOR THE NEW FACILITY]] AN AMOUNT EQUAL TO 50% OF
THE ACTUAL ANNUAL BASE RENTAL FOR THE REPLACEMENT
FACILITY, OR IN THE EVENT THE NEW FACILITY IS NOT
COMPARABLE TO THE FACILITY FROM WHICH THE BUSINESS WAS
DISPLACED, AN AMOUNT EQUAL TO 50% OF THE EXCESS OF THE
CURRENT ANNUAL BASE RENTAL FOR A COMPARABLE BUSINESS
FACILITY, WHICHEVER IS THE LESSER, OVER THE CURRENT
ANNUAL CALCULATED BASE RENTAL FOR THE PROPERTY FROM WHICH