2015 -- S 0306 | |
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LC001369 | |
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STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2015 | |
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A N A C T | |
RELATING TO STATE AFFAIRS AND GOVERNMENT - RHODE ISLAND HOUSING | |
RESOURCES ACT OF 1998 | |
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Introduced By: Senator Elizabeth A. Crowley | |
Date Introduced: February 12, 2015 | |
Referred To: Senate Finance | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Section 42-128-10 of the General Laws in Chapter 42-128 entitled "Rhode |
2 | Island Housing Resources Act of 1998" is hereby amended to read as follows: |
3 | 42-128-10. Appropriations. – (a) The general assembly shall, in addition to all funds |
4 | generated through § 44-25-1 and deposited into the housing resources commission restricted |
5 | receipt account, annually appropriate any sums it may deem necessary to enable the commission |
6 | to carry out its assigned purposes; and the state controller is authorized and directed to draw his |
7 | or her orders upon the general treasurer for the payment of any sums appropriated or so much as |
8 | may be from time to time required, upon receipt by him or her of proper vouchers approved by |
9 | the chairperson or the executive director. |
10 | (b) For fiscal year 2016 and beyond, the general assembly shall appropriate, pursuant to § |
11 | 42-128-10(a), an amount equal to at least twelve million five hundred thousand dollars |
12 | ($12,500,000) annually in capital financing for affordable housing development or whatever |
13 | amount is deemed necessary to enable the commission to carry out its assigned purposes under |
14 | this chapter. |
15 | (c) For fiscal year 2016 and beyond, the general assembly shall appropriate, from funds |
16 | not otherwise used in the general fund, an amount equal to at least two million one hundred and |
17 | seventy thousand dollars ($2,170,000) to support the efforts of the housing resources commission. |
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1 | SECTION 2. This act shall take effect upon passage. |
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EXPLANATION | |
BY THE LEGISLATIVE COUNCIL | |
OF | |
A N A C T | |
RELATING TO STATE AFFAIRS AND GOVERNMENT - RHODE ISLAND HOUSING | |
RESOURCES ACT OF 1998 | |
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1 | This act would create two specific appropriations, one of twelve million five hundred |
2 | thousand dollars ($12,500,000), and one of two million one hundred and seventy thousand dollars |
3 | ($2,170,000), to be used by the housing resources commission, in addition to the revenue |
4 | generated from the real estate conveyance tax. |
5 | This act would take effect upon passage. |
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