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2020 Session

Budget Amendments - HB30 (Floor Approved)

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VATI Language (language only)

Item 114 #1h

Item 114 #1h

Commerce and Trade
Department of Housing and Community Development
Department of Housing and Community Development FY2021 3.00 FY2022 3.00 FTE

Language

Page 100, line 17, strike ", and".

Page 100, line 19, strike "requirements."  and insert:

"requirements, and, (v) require investment from the private sector partner in the project prior to making any award from the fund for an amount no less than 15 percent of the total project cost."

Page 100, after line 30, insert:

"5.  Out of the amounts provided, the Department may use up to 1.1 percent of the appropriation in each year to cover the administrative costs of the program."



Explanation

(This amendment provides three positions in the second year for administration of the program, and provides language that the Department may use up to 1.1 percent of the fund appropriated in this item for administrative costs.)