2019 -- H 5858

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LC002167

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2019

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A N   A C T

RELATING TO STATE AFFAIRS AND GOVERNMENT - HOUSING RESOURCES

     

     Introduced By: Representatives Slater, Diaz, Maldonado, Bennett, and Edwards

     Date Introduced: March 15, 2019

     Referred To: House Finance

     It is enacted by the General Assembly as follows:

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     SECTION 1. Section 42-128-10 of the General Laws in Chapter 42-128 entitled "Rhode

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Island Housing Resources Act of 1998" is hereby amended to read as follows:

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     42-128-10. Appropriations.

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     (a) The general assembly shall annually appropriate any sums it may deem necessary to

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enable the commission to carry out its assigned purposes; and the state controller is authorized

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and directed to draw his or her orders upon the general treasurer for the payment of any sums

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appropriated or so much as may be from time to time required, upon receipt by him or her of

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proper vouchers approved by the chairperson or the executive director.

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     (b) For fiscal year 2020 and beyond, the general assembly shall appropriate, pursuant to §

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42-128-10(a), not less than five million dollars ($5,000,000) annually in capital financing for

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affordable housing development as defined in § 42-128-8.1(d)(1).

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     SECTION 2. This act shall take effect upon passage.

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LC002167

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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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     This act would require the general assembly to appropriate not less than five million

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dollars ($5,000,000) annually in capital financing for affordable housing development

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commencing with the fiscal year 2020 and beyond.

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     This act would take effect upon passage.

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LC002167

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