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NC H1208
Bill
Status
6/19/2020
Primary Sponsor
Donny Lambeth
Click for details
AI Summary
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State Controller shall deposit $10,000,000 from the Federal Insurance Contributions Act (FICA) Fund cash balance into the General Fund by August 15, 2020
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General Fund shall receive an additional $10,000,000 from insurance regulatory charges during the 2020-2021 fiscal year that would otherwise be credited to the Insurance Regulatory Fund
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$20,000,000 in nonrecurring funds appropriated from the General Fund to the North Carolina Housing Finance Agency for the 2020-2021 fiscal year for the Workforce Housing Loan Program under G.S. 122A-5.15
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All appropriated funds must be fully allocated during the 2020 housing credit award cycle
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Act becomes effective July 1, 2020
Legislative Description
Funding for Workforce Housing Loan Program
Last Action
Ch. SL 2020-28
6/19/2020