2019 -- H 5858

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LC002167

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2019

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A N   A C T

RELATING TO STATE AFFAIRS AND GOVERNMENT - HOUSING RESOURCES

     Introduced By: Representatives Slater, Diaz, Maldonado, Bennett, and Edwards

     Date Introduced: March 15, 2019

     Referred To: House Finance

     It is enacted by the General Assembly as follows:

     SECTION 1. Section 42-128-10 of the General Laws in Chapter 42-128 entitled "Rhode

Island Housing Resources Act of 1998" is hereby amended to read as follows:

     42-128-10. Appropriations.

     (a) The general assembly shall annually appropriate any sums it may deem necessary to

enable the commission to carry out its assigned purposes; and the state controller is authorized

and directed to draw his or her orders upon the general treasurer for the payment of any sums

appropriated or so much as may be from time to time required, upon receipt by him or her of

proper vouchers approved by the chairperson or the executive director.

     (b) For fiscal year 2020 and beyond, the general assembly shall appropriate, pursuant to §

42-128-10(a), not less than five million dollars ($5,000,000) annually in capital financing for

affordable housing development as defined in § 42-128-8.1(d)(1).

     SECTION 2. This act shall take effect upon passage.

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LC002167

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO STATE AFFAIRS AND GOVERNMENT - HOUSING RESOURCES

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     This act would require the general assembly to appropriate not less than five million

dollars ($5,000,000) annually in capital financing for affordable housing development

commencing with the fiscal year 2020 and beyond.

     This act would take effect upon passage.

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LC002167

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