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H.B. 380

             1     

REPEAL OF HOUSING RELIEF EXPENDABLE SPECIAL

             2     
REVENUE FUND

             3     
2014 GENERAL SESSION

             4     
STATE OF UTAH

             5     
Chief Sponsor: Melvin R. Brown

             6     
Senate Sponsor: Lyle W. Hillyard

             7     
             8      LONG TITLE
             9      General Description:
             10          This bill modifies provisions relating to the Housing Relief Expendable Special
             11      Revenue Fund.
             12      Highlighted Provisions:
             13          This bill:
             14          .    repeals the provision that authorizes the Utah Housing Corporation to approve
             15      grants to certain persons who purchase a newly constructed, never-occupied
             16      residence in Utah using a 30-year fixed interest rate note and mortgage from funds
             17      received as a result of the federal American Recovery and Reinvestment Act of
             18      2009; and
             19          .    repeals the Housing Relief Expendable Special Revenue Fund.
             20      Money Appropriated in this Bill:
             21          None
             22      Other Special Clauses:
             23          None
             24      Utah Code Sections Affected:
             25      REPEALS:
             26           35A-8-727 , as last amended by Laws of Utah 2013, Chapter 400
             27           67-4-18 , as last amended by Laws of Utah 2013, Chapter 400


             28     
             29      Be it enacted by the Legislature of the state of Utah:
             30          Section 1. Repealer.
             31          This bill repeals:
             32          Section 35A-8-727 , New housing grants -- Reimbursement from Housing Relief
             33      Expendable Special Revenue Fund.
             34          Section 67-4-18 , Housing Relief Expendable Special Revenue Fund -- Payments to
             35      Utah Housing Corporation.




Legislative Review Note
    as of 2-19-14 1:01 PM


Office of Legislative Research and General Counsel


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