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2004 SESSION

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SB 4 Housing funds; changes in utilization reporting requirements.

Introduced by: Stephen H. Martin | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Housing Funds. Eliminates the requirement for the Department of Housing and Community Development to provide reports to the legislative committees on the Urban Public-Private Partnership Redevelopment Fund, the Virginia Removal or Rehabilitation of Derelict Structures Fund, and the Housing Revitalization Zone Fund. This bill is a recommendation of the Joint Subcommittee to Study the Operations, Practices, Duties, and Funding of the Commonwealth's Agencies, Boards, Commissions, Councils, and Other Governmental Entities pursuant to HJR 159 (2002). The bill also removes the requirement that fifty percent of all monies received by localities from the Virginia Removal or Rehabilitation of Derelict Structures Fund be utilized in housing revitalization zones.


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