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CT SB00363

Bill

Official Source

Status

Passed

5/28/2014

Primary Sponsor

Housing Committee

Click for details

Origin

Senate

2014 General Assembly

AI Summary

  • Repeals the temporary distribution formula for the community investment account that was in effect from July 1, 2009 to July 1, 2011
  • Transfers 25% of community investment account funds from the Connecticut Housing Finance Authority to the Department of Housing for affordable housing programs
  • Maintains distribution of remaining funds: 25% to Department of Economic and Community Development for historic preservation, 25% to Department of Energy and Environmental Protection for open space grants, and 25% to Department of Agriculture for agricultural programs
  • Allows each agency to use up to 10% of received funds for program administration
  • Effective upon passage of the act

Legislative Description

An Act Transferring Funds Deposited In The Community Investment Account To The Department Of Housing.

Last Action

Signed by the Governor

5/28/2014

Committee Referrals

Housing2/27/2014

Full Bill Text

No bill text available