Virginia House Bill 790 (Prior Session Legislation)

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February 9 2012 - House: Incorporated by General Laws
Text: Latest bill text (Prefiled) [HTML]

Virginia Housing Partnership Revolving Fund. Renames the Virginia Housing Partnership Revolving Fund to the Virginia Housing Trust Fund. The bill provides that 20 percent of the moneys deposited in the Fund in any fiscal year shall be used by the Department for grants for the construction of new or rehabilitation of existing housing units, rental assistance to individuals and families experiencing homelessness, and other appropriate assistance to facilitate the achievement of housing stability. Under the bill, moneys in the Fund are derived from 10 percent of the annual general fund revenue collections that are in excess of the official estimates in the general appropriation act and 10 percent of any unreserved general fund balance at the close of each fiscal year whose reappropriation is not required in the general appropriation act. The Fund also consists of such other sums as may be made available to it from any other source, public or private, and shall include federal grants solicited and received for the specific purposes of the Fund. The bill contains technical amendments.

Virginia Housing Partnership Revolving Fund; renamed Virginia Housing Trust Fund.

Del Kenneth C. Alexander	Del Jeion A. Ward	Del Onzlee Ware	Del Vivian E. Watts
Del Luke E. Torian	Del Charniele L. Herring	Del Delores L. McQuinn	Del Mark L. Keam
Del Patrick A. Hope	Del Matthew James	Del Scott A. Surovell	Del Betsy B. Carr
Del Eileen Filler-Corn	Del Kaye Kory	Del Roslyn C. Tyler	Del David J. Toscano
Del Lionell Spruill, Sr.	Del Mamye E. BaCote	Del Robert H. Brink	Del David L. Bulova
Del Rosalyn R. Dance	Del David L. Englin	Del Algie T. Howell, Jr.	Del Joseph P. Johnson, Jr.
Del Lynwood W. Lewis, Jr.	Del Jennifer L. McClellan	Del Joseph D. Morrissey	Del Kenneth R. Plum
Del James M. Scott	Del Mark D. Sickles	Del Alfonso H. Lopez

Date	Chamber	Action
2012-02-09		House: Incorporated by General Laws
2012-02-09		House: Incorporated by General Laws
2012-02-08		House: Subcommittee recommends incorporating (HB121-Morrissey) by voice vote
2012-01-17		House: Assigned GL sub: #1 Housing
2012-01-11		House: Referred to Committee on General Laws
2012-01-11		House: Prefiled and ordered printed; offered 01/11/12 12103272D

Chapter	Article	Section	Citation Type	Statute Text
2	2	1514	(n/a)	See Bill Text
54	1	2113	(n/a)	See Bill Text
58	1	344.3	(n/a)	See Bill Text

Type	Source
Summary	http://leg1.state.va.us/cgi-bin/legp504.exe?121+sum+HB790
Text	http://leg1.state.va.us/cgi-bin/legp504.exe?121+ful+HB790+hil