SECTION 420.9079. Local Government Housing Trust Fund.
Latest version.
1(1) 2There is created in the State Treasury the Local Government Housing Trust Fund, which shall be administered by the corporation on behalf of the department according to the provisions of ss. 33420.90734-35420.907636and this section. There shall be deposited into the fund a portion of the documentary stamp tax revenues as provided in s. 58201.15, 59moneys received from any other source for the purposes of ss. 70420.90771-72420.907673and this section, and all proceeds derived from the investment of such moneys. Moneys in the fund that are not currently needed for the purposes of the programs administered pursuant to ss. 105420.907106-107420.9076108and this section shall be deposited to the credit of the fund and may be invested as provided by law. The interest received on any such investment shall be credited to the fund.
141(2) 142The corporation shall administer the fund exclusively for the purpose of implementing the programs described in ss. 159420.907160-161420.9076162and this section. With the exception of monitoring the activities of counties and eligible municipalities to determine local compliance with program requirements, the corporation shall not receive appropriations from the fund for administrative or personnel costs. For the purpose of implementing the compliance monitoring provisions of s. 209420.9075(9), 210the corporation may request a maximum of one-quarter of 1 percent of the annual appropriation per state fiscal year. When such funding is appropriated, the corporation shall deduct the amount appropriated prior to calculating the local housing distribution pursuant to ss. 251420.9072252and 253420.9073254.
2551256(3) 257For the 2020-2021 fiscal year, funds may be used as provided in the General Appropriations Act. This subsection expires July 1, 2021.
Note.-Section 87, ch. 2020-114, amended subsection (3) “[i]n order to implement Specific Appropriation 2282A of the 2020-2021 General Appropriations Act.”
