H-1806.1          _______________________________________________

 

                            SUBSTITUTE HOUSE BILL 1623

                  _______________________________________________

 

State of Washington              52nd Legislature             1991 Regular Session

 

By House Committee on Housing (originally sponsored by Representatives Ogden, Mitchell, Nelson, Winsley, Franklin, H. Sommers, Jacobsen, R. Johnson, Leonard, Haugen, Phillips and Anderson).

 

Read first time February 19, 1991.  Capitalizing the housing trust fund.


     AN ACT Relating to the housing trust fund; and making an appropriation.

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

 

     NEW SECTION.  Sec. 1.  FOR THE DEPARTMENT OF COMMUNITY DEVELOPMENT.

(1) Capitalize housing trust fund (88‑5‑015)

     $50,000,000 of the appropriation in this subsection is subject to the following conditions and limitations:

     (a) $8,000,000 shall be used to establish a new affordable housing program.  In developing the affordable housing program, the department of community development shall use the guidelines contained in chapter ... (sections 8 through 17 of Substitute House Bill No. 1624), Laws of 1991;

     (b) $8,000,000 shall be used for the low-income residential weatherization program in chapter 70.164 RCW;

     (c) $34,000,000 shall be used for the housing assistance program.  (d) $50,000,000 of the appropriation in this subsection shall lapse if House Bill No. ..... or Senate Bill No. ..... (Z-0583/91 or Z-0721/91) is not enacted by June 30, 1991.

 

             Reappropriation:

                   St Bldg Constr Acct........................... $      10,000,000

             Appropriation:

                   St Bldg Constr Acct........................... $      65,000,000

 

                   Prior Biennia (Expenditures).................. $       8,000,000

                   Future Biennia (Projected Costs).............. $     100,000,000

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                         TOTAL................................... $     183,000,000