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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