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2016 Regular Session



Seed Community Development Anchor Institution Fund

Sponsored by:

Senator Pugh


Veto sustained (0-46)

Synopsis:Establishing the Seed Community Development Anchor Institution Fund as a special, nonlapsing fund; specifying that the purpose of the Fund is to provide grants and loans to anchor institutions for community development projects in blighted areas of the State; requiring the Department of Housing and Community Development to administer the Fund; requiring the Governor to include in the annual budget bill an appropriation of $5,000,000 to the Fund for fiscal years 2018 through 2022; etc.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Senators Pugh, Conway, McFadden, Ferguson, and Nathan-Pulliam
Additional Facts:Cross-filed with: HB1400
Bill File Type: Regular
Effective Date(s): July 1, 2016
Bill imposes a mandated appropriation in the annual State Budget Bill
Budget and Taxation  View Committee HearingEnvironment and Transportation  View Committee Hearing
Broad Subject(s):Economic and Community Development
Narrow Subject(s):Appropriations
Community Development
Community Facilities and Services
Health -see also- Mental Health
Higher Education -see also- Comm Colleges; Med Schools; etc.
Hospitals -see also- Clinics; State Hospitals
Housing and Community Development, Department of
Investments -see also- Securities
Loans -see also- Mortgages
Physicians -see also- Dentists; Med Exmnrs; Psych; etc
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Statutes:Article - Housing and Community Development
Article - State Finance and Procurement

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October 24, 2017 5:11 P.M.