2017 Session

Budget Amendments - HB1500 (Member Request)

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Chief Patron: Lopez
Increases Housing Trust Fund; contingent

Item 108 #3h

Item 108 #3h

First Year - FY2017 Second Year - FY2018
Commerce and Trade
Department of Housing and Community Development FY2017 $8,250,000 FY2018 $8,250,000 GF

Page 95, line 2, strike "$51,215,827" and insert "$59,465,827".
Page 95, line 2, strike "$66,215,827" and insert "$74,465,827".


(This amendment increases the Housing Trust Fund by $8,250,000 each year of the biennium but is contingent upon passage of House Bill 1867, which provides that 20% of annual recordation tax revenue in excess of $325 million shall be deposited into the Virginia Housing Trust Fund.)