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2012 SPECIAL SESSION I
(HB1300)AMENDMENT(S) PROPOSED BY THE HOUSE APPROPRIATIONS
AMENDMENTS PRINTED SEPARATELY
AMENDMENT(S) PROPOSED BY THE HOUSE
DEL. SUROVELL
Page 27, item 99 #1h, introduced
Commerce and Trade FY 10-11 FY 11-12
Department of Housing and
Community Development $0 $68,900,000 GF
Page 27, line 29
strike
$48,533,821
insert
$117,433,821
Page 27, after line 29
insert
F. Out of the amounts for this item, $68,900,000 the second year is provided from the Mortgage Servicing Settlement Agreement for the creation of the Virginia Housing Trust Fund by deposit into the existing Virginia Housing Partnership Revolving Fund.
Explanation:
(This amendment provides $68.9 million GF for creation of a Virginia Housing Trust Fund. These general funds are derived from the Commonwealth's one-time payment under the Mortgage Servicing Settlement Agreement and are deposited into the existing Virginia Housing Partnership Revolving fund (COV § 36-141 to § 36-151), a permanent and perpetual fund to support affordable housing. It is the intent of the General Assembly that this Item be set out upon enrolling of House Bill 1300.)
DEL. MARSHALL R.
Page 27, item 99 #1h, introduced
Commerce and Trade FY 10-11 FY 11-12
Department of Housing and
Community Development $0 $68,900,000 GF
Page 27, line 29
strike
$48,533,821
insert
$117,433,821
Page 27, after line 29
insert
F. Out of the amounts for this item, $68,900,000 the second year is provided from the Mortgage Servicing Settlement Agreement for the creation of the Virginia Housing Trust Fund by deposit into the existing Virginia Housing Partnership Revolving Fund.