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1999 Session

Budget Amendments - HB1450 (Member Request)

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Chief Patron: Baskerville
Co-Patron(s): Thomas
Demolition Fund

Item 92 #5h

Item 92 #5h

First Year - FY1999 Second Year - FY2000
Commerce And Trade
Housing and Community Development, Department of FY1999 $0 FY2000 $5,000,000 GF

Language
Page 71, line 14, strike "$60,897,753" and insert "$65,897,753".
Page 75, after line 7, insert:
"M.  Out of the amounts in this Item shall be provided $5,000,000 the second year from the general fund for the Abandon Housing Fund.  Funds shall be used to assist cities with a population of 50,000 or greater, with the acquisition, demolition, clearing or rehabilitation of abandoned structures.  Funds shall be provided on a 100 percent matching basis, with a cap not to exceed $200,000 per locality."


Explanation
(This amendment is self-explanatory.)