H5565

	2017 -- H 5565
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	LC001424
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	STATE OF RHODE ISLAND
	IN GENERAL ASSEMBLY
	JANUARY SESSION, A.D. 2017
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	A N A C T
	RELATING TO STATE AFFAIRS AND GOVERNMENT - HOUSING RESOURCES

	Introduced By: Representatives Slater, Diaz, Blazejewski, Handy, and Regunberg
	Date Introduced: February 16, 2017
	Referred To: House 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.
4	(a) The general assembly shall annually appropriate any sums it may deem necessary to
5	enable the commission to carry out its assigned purposes; and the state controller is authorized
6	and directed to draw his or her orders upon the general treasurer for the payment of any sums
7	appropriated or so much as may be from time to time required, upon receipt by him or her of
8	proper vouchers approved by the chairperson or the executive director.
9	(b) For fiscal year 2018 and beyond, the general assembly shall appropriate, pursuant to
10	§42-128-10(a), not less than five million dollars ($5,000,000) annually in capital financing for
11	affordable housing development in accordance with §42-128-8.1(d)(1).
12	SECTION 2. This act shall take effect upon passage.
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	LC001424
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	EXPLANATION
	BY THE LEGISLATIVE COUNCIL
	OF
	A N A C T
	RELATING TO STATE AFFAIRS AND GOVERNMENT - HOUSING RESOURCES
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1	This act would enable the general assembly to appropriate not less than five million
2	dollars annually in capital financing for affordable housing development.
3	This act would take effect upon passage.
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	LC001424
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