Text: HF02421 Text: HF02423 Text: HF02400 - HF02499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 HOUSE FILE 2422 1 2 AN ACT 1 3 RELATING TO FUNDING OF THE LOCAL HOUSING ASSISTANCE 1 4 PROGRAM AND PROVIDING AN EFFECTIVE DATE. 1 5 1 6 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 1 7 1 8 Section 1. Section 16.10, subsection 1, Code 1999, is 1 9 amended to read as follows: 1 10 1. Moneys declared by the authority to be surplus moneys 1 11 which are not required to service bonds and notes issued by 1 12 the authority, to pay administrative expenses of the 1 13 authority, or to accumulate necessary operating or loss 1 14 reserves, shall be used by the authority to provide grants, 1 15 subsidies, and services to lower income families and very low 1 16 income families through the programs authorized in this 1 17 chapter or to provide funds for the residential mortgage 1 18 interest reduction program established pursuant to section 1 19 16.81. In addition, the authority may use such surplus moneys 1 20 to provide assistance to the local housing assistance program 1 21 established in sections 15.351 through 15.354 for purposes of 1 22 providing assistance to low and moderate income families. 1 23 Surplus moneys shall not be used for infrastructure or 1 24 administration purposes under the local housing assistance 1 25 program. 1 26 Sec. 2. EFFECTIVE DATE. This Act, being deemed of 1 27 immediate importance, takes effect upon enactment. 1 28 1 29 1 30 1 31 BRENT SIEGRIST 1 32 Speaker of the House 1 33 1 34 1 35 2 1 MARY E. KRAMER 2 2 President of the Senate 2 3 2 4 I hereby certify that this bill originated in the House and 2 5 is known as House File 2422, Seventy-eighth General Assembly. 2 6 2 7 2 8 2 9 ELIZABETH ISAACSON 2 10 Chief Clerk of the House 2 11 Approved , 2000 2 12 2 13 2 14 2 15 THOMAS J. VILSACK 2 16 Governor
Text: HF02421 Text: HF02423 Text: HF02400 - HF02499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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