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2022 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Clark
HB 596: Local Rent Stabilization Option

Item 114 #3h

Item 114 #3h

First Year - FY2023 Second Year - FY2024
Commerce and Trade
Department of Housing and Community Development FY2023 $50,000 FY2024 $50,000 GF

Language
Page 96, line 7, strike "$346,496,495" and insert "$346,546,495".
Page 96, line 7, strike "$396,496,495" and insert "$396,546,495".

Page 97, after line 52, insert:

"K. Out of this appropriation, $50,000 in the first year and $50,000 in the second year from the general fund is provided to the effectuate the provisions of House Bill 596 of the 2022 General Assembly."



Explanation

(This amendment provides $50,000 in each year from the general fund to effectuate the provisions of House Bill 596 of the 2022 General Assembly, which provides localities with an option to stabilize rent. This is a placeholder amendment until a final fiscal impact statement is produced.)