HB 1074 -
By Committee on Housing
ADOPTED 03/14/2005
On page 3, after line 27, insert the following:
"NEW SECTION. Sec. 3 This act expires June 30, 2007."
Correct the title.
EFFECT: The Department of Community, Trade, and Economic Development (DCTED) shall have the authority to utilize up to five percent of the annual funds available for the housing assistance and affordable housing programs until June 30, 2007. After June 30, 2007, the administrative cap for DCTED will revert to the previous level of four percent of the annual funds available for both programs.