HB20-1370
Transfers From Unclaimed Property Trust Fund Hous
Concerning transfers from the unclaimed property trust fund to the housing development grant fund to expand the supply of affordable housing statewide.
Session:
2020 Regular Session
Subject:
Bill Summary
Housing
Under current law, commencing with the 2020-21 state fiscal year and for 3 total state fiscal years, assuming certain conditions are satisfied, the state is required to transfer $30 million from the unclaimed property trust fund to the housing development grant fund to support the provision of affordable housing statewide. The act delays the starting date for the first transfer by 2 state fiscal years.
(Note: This summary applies to this bill as enacted.)