Senate Study Bill 3249





                                       SENATE FILE       
                                       BY  (PROPOSED COMMITTEE ON
                                            APPROPRIATIONS BILL
                                            BY CO=CHAIRPERSONS
                                            ANGELO AND DVORSKY)

    Passed Senate, Date               Passed House,  Date             
    Vote:  Ayes        Nays           Vote:  Ayes        Nays         
                 Approved                            

                                      A BILL FOR

  1 An Act relating to the housing trust fund and making
  2    appropriations.
  3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  4 TLSB 6586SC 81
  5 tm/sh/8

PAG LIN



  1  1    Section 1.  NEW SECTION.  16.181A  HOUSING TRUST FUND ==
  1  2 APPROPRIATIONS.
  1  3    There is appropriated from the general fund of the state to
  1  4 the Iowa finance authority for the designated fiscal years the
  1  5 following amounts, or so much thereof as is necessary, to be
  1  6 deposited in the housing trust fund created in section 16.181:
  1  7    1.  For the fiscal year beginning July 1, 2007, and ending
  1  8 June 30, 2008, one million two hundred fifty thousand dollars.
  1  9    2.  For the fiscal year beginning July 1, 2008, and ending
  1 10 June 30, 2009, two million five hundred thousand dollars.
  1 11    3.  For the fiscal year beginning July 1, 2009, and ending
  1 12 June 30, 2010, and for every fiscal year thereafter, five
  1 13 million dollars.
  1 14    Sec. 2.  REPORT.  By October 1, 2009, the Iowa finance
  1 15 authority shall submit a written report to the general
  1 16 assembly regarding the status of the housing trust fund.  The
  1 17 report shall review the program and activities under the
  1 18 program during the existence of the fund, an update on the
  1 19 housing needs in the state, and any recommendations for
  1 20 changes.
  1 21                           EXPLANATION
  1 22    This bill relates to the housing trust fund and makes
  1 23 appropriations.
  1 24    The bill appropriates moneys from the general fund of the
  1 25 state to the Iowa finance authority for deposit in the housing
  1 26 trust fund.  The bill appropriates $1.25 million in FY 2007=
  1 27 2008, $2.5 million in FY 2008=2009, and $5 million in FY 2009=
  1 28 2010 and each fiscal year thereafter.
  1 29    By October 1, 2009, the bill requires the Iowa finance
  1 30 authority to submit a written report to the general assembly
  1 31 regarding the status of the housing trust fund.
  1 32 LSB 6586SC 81
  1 33 tm:nh/sh/8