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2004 SESSION

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HB 827 Home ownership; grants by localities for assistance to school board employees.

Introduced by: Thelma Drake | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED HOUSE:

Home-ownership assistance. Allows that a locality may by ordinance provide for the use of funds, other than state funds, for grants to assist employees of the locality to purchase residences in such locality. The residences shall be the primary residence of any employee receiving such grants or loans and individual grants shall not exceed $5,000 per employee.

SUMMARY AS INTRODUCED:

Home-ownership assistance. Allows that a locality may by ordinance provide for the use of funds, other than state funds, for grants and small, low-interest loans to assist employees of the locality or the school board to purchase residences in such locality. The residences shall be the primary residence of any employee receiving such grants or loans.